Raymond, a single individual, received a salary of $196,000 He also had the following items of investment income $40,000 net short term capital gain on sale of stock, $7,000 dividend income, $5,000 interest income from corporate bonds, and $4,000 interest income from tax exempt municipal bonds Comp...

1824 The NII Medicare surtax is 38 times the lesser of NII ...

Raymond, a single individual, received a salary of $196,000. He also had the following items of investment

Question:

Raymond, a single individual, received a salary of $196,000. He also had the following items of investment income: $40,000 net short-term capital gain on sale of stock, $7,000 income, $5,000 interest income from corporate bonds, and $4,000 interest income from tax-exempt municipal bonds. Compute Raymonds net investment income (Nil) Medicare surtax.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...