22 Alain Mire files a single tax return and has adjusted gross income of $309,000. His net ilvestment income is $48,000. What is the additional tax that Alain will pay on his net investment income for the year? None of the choices are correct 24 Michelle is an active participant in the rental condominium property she owns. During the year, the property generates a (522,500) loss however, Michelle has sufficient tax basis and at risk amounts to absorb the loss of Michelle has $130,000 of salary $11500 of long-term capital gains $4.500 of dividends, and no additional sources of income or deductions, how much loss can Michelle deduct? Multiple Choice 50 losses from rental property we passive losses and can only be offset by passive Income None of the choices are correct Investment interest expense does not include: 0204 Interest expense from loans to purchase municipal bonds Interest expense from loans to purchase corporate bonds interest expense from loans to purchase stocks interest expense from loans to purchase us savings bonds and interest expense from loans to purchase corporate bonds Interest expense from loans to purchase corporate bonds and interest expense from loans to purchase stocks