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Maddox, a single taxpayer, reports earned income of $198,000 and investment income (NII) of $13,000. What is Maddoxs NII tax, if any? a. $0 b.
Maddox, a single taxpayer, reports earned income of $198,000 and investment income (NII) of $13,000. What is Maddoxs NII tax, if any?
a. | $0 | |
b. | $418 | |
c. | $494 | |
d. | $8,018 |
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