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Married taxpayers Otto and Ruth are both self-employed and file a joint return. Otto earns $430,000 of self-employment income and Ruth has a self-employment loss
Married taxpayers Otto and Ruth are both self-employed and file a joint return. Otto earns $430,000 of self-employment income and Ruth has a self-employment loss of $31,900.
How much 0.9 percent Medicare tax for high-income taxpayers will Otto and Ruth have to pay with their 2020 income tax return?
If required, round your final answer to nearest dollar.
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