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Donna Williams is a single taxpayer. She has wages of $175,000. Her employer has assessed 1.45% of medicare taxes on her wages. Further in the
Donna Williams is a single taxpayer. She has wages of $175,000. Her employer has assessed 1.45% of medicare taxes on her wages. Further in the current year she has recognized capital gains of $75,000, earned Interest Income of $6000, and has a passive loss incurred in the current tax year of $12,000. The activity causing the passive loss was not disposed of in the current year. What amount, if any, of high wage surtax and/or Net Investment Income tax does Donna owe?
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