Question
Net investment income Penny and Billy, a married couple filling a joint return, had the following earnings in 2018. penny salary $100,000 billy salary $
Net investment income
Penny and Billy, a married couple filling a joint return, had the following earnings in 2018.
penny salary $100,000
billy salary $ 75000
dividends $ 75000
long term capital gains $ 50,000
Calculate their Net investment income tax.
(please show work)
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Management Information Systems Managing the digital Firm
Authors: Kenneth C. Laudon, Carol Guercio Traver
14th edition
132142856, 132142854, 978-0133898163
