Question
George and Aimee are married. George has wage income of $214,800, and Aimee has a sole proprietorship that generated net income of $85,920. They also
George and Aimee are married. George has wage income of $214,800, and Aimee has a sole proprietorship that generated net income of $85,920. They also have interest and dividend income of $21,480. Compute any NIIT and additional Medicare tax they owe for the current year. Round your answer to the nearest dollar. What is the NIIT and additional Medicare Tax?
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
4th edition
978-1259995057, 1259995054, 978-0077503987, 77503988, 978-0077639730
