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geNOWv 2 | Online teach CengageNOWv 2 | Online teach Grades for Ingnam: Assignment / takeAssignmentMain . do ? invoker = &takeAssignmentSessionLocator = assignment -

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geNOWv2| Online teach
CengageNOWv2| Online teach
Grades for
Ingnam:
Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=assignment-take&inprogress=false
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Problem 6-18(Algorithmic)
Special Rules for High-Income Taxpayers (LO 6.7)
Rachel is single and has wages of $152,150 and dividend income of $91,290. She has no investment expenses,
Calculate the amount of the 3.8 percent net investment income tax she must pay. Round your answer to the nearest whole dollar.
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The Affordable Care Act imposes a 3.8% Medicare tax on the net investment income of certain individuals with modified AGI over $250,000 for joint filers ( $125,000 if married filing separate), and $200,000 for single filers.
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