Question
Allen Green is a single taxpayer in 2018 with an AGI (and modified AGI) of $210,000, which includes $170,000 of salary, $25,000 of interest income,
Allen Green is a single taxpayer in 2018 with an AGI (and modified AGI) of $210,000, which includes $170,000 of salary, $25,000 of interest income, $10,000 of dividends, and $5,000 of long-term capital gains. What is Allen's net investment income tax liability this year, rounded to the nearest whole dollar amount?
A) $2,465
B) $1,520
C) $570
D) $380
Montague (age 15) is claimed as a dependent by his parents Matt and Mary. In 2018, Montague received $5,000 of qualified dividends and he received $800 from a part time job. What is his taxable income for 2018?
A) $0
B) $3,900
C) $4,650
D) $4,750
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