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Jacob is a single taxpayer who has net investment income consisting of $9,500 interest on a certificate of deposit, $4,750 from dividends from a mutual
- Jacob is a single taxpayer who has net investment income consisting of $9,500 interest on a certificate of deposit, $4,750 from dividends from a mutual fund, $4,750 from capital gain distributions from mutual funds, and $27,500 in long-term capital gains from selling some stocks, and his MAGI is $125,000.
- Jacob is a single taxpayer who has net investment income consisting of $9,500 interest on a certificate of deposit, $4,750 from dividends from a mutual fund, $4,750 from capital gain distributions from mutual funds, and $27,500 in long-term capital gains from selling some stocks, and his MAGI is $215,000.
- Jacob is a single taxpayer who has net investment income consisting of $24,500 interest on a certificate of deposit, $12,500 from dividends from a mutual fund, $12,500 from capital gain distributions from mutual funds, and $43,000 in long-term capital gains from selling some stocks, and his MAGI is $292,500.
How much in surtax will Jacob be assessed on his Form 1040 for 2017?
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