Question
Pham, single, has wages of $208,000 and net investment income of $140,000 in 2021. Her AGI (MAGI) is $348,000. What is Phams additional Medicare tax
Pham, single, has wages of $208,000 and net investment income of $140,000 in 2021. Her AGI (MAGI) is $348,000. What is Phams additional Medicare tax liability? What is Pham's net investment income tax? What if instead Pham has wages of $190,000, net investment income of $65,000, and modified AGI (MAGI) of $255,000 in 2021?
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Principles of Financial Accounting
Authors: Belverd E. Needles, Marian Powers
12th edition
978-1133940562, 1133940560, 978-1285608464, 1285608461, 1133939287, 978-0357693605, 978-1285607047, 128560704X, 978-1133939283
