30. Gerald is single and earns $80,000 in dividend income and $180,000 in wage income in 2016. Compute his additional ACA Medicare surtax on net investment income. (Points : 1)

$3,040 $720 $2,280 $540

Question 31.31. Karen is single and earns wages of $250,000 in 2016. She has no other income. How much is her ACA Medicare surtax on earned income? (Points : 1)

$450 $2,250 $1,900 None of the above

Question 32.32. The IRS: (Points : 1)

requires official tax forms be obtained at the local IRS office. links to the H & R Block Web site. provides information on how to choose a stock. has an app for mobile phones.

41. Bonnie receives salary income of $32,000, unemployment compensation of $4,400, and interest income of $1,200 and a gift of $7,000 in cash from her aunt. How much total income does Bonnie have? (Points : 1)

$44,600 $37,600 $33,200 None of the above

64. A taxpayer in the 33% tax bracket invests in a New York City Bond paying 5% interest. What taxable interest rate would provide the same after-tax return? (Points : 1)

5.46% 6.46% *c.7.46% d. 8.46%