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5- Taxpayers' filing status is Married Filing Jointly. For the taxable year, Taxpayers' gross income includes only $247,000 in employee compensation and $49,000 in interest
5- Taxpayers' filing status is Married Filing Jointly. For the taxable year, Taxpayers' gross income includes only $247,000 in employee compensation and $49,000 in interest on corporate bonds. Taxpayers claim the standard deduction and are entitled to no for AGI decision so that their AGI is $296,000 and their taxable income is $270,900. Determine Taxpayer's net investment income tax liability for the year. a.) $1,748 b.) $794 c.) $10,294 d.) $1,862 2022 M
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