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Please answer both of the questions NEED IT ASAP 12. Married taxpayers John and June Jenson report net investment income of $110,000 and modified adjusted
Please answer both of the questions NEED IT ASAP
12. Married taxpayers John and June Jenson report net investment income of $110,000 and modified adjusted gross income of 245,000. What amount of net investment income tax, if any, will apply for the year? A. $ 2,180 B. 9,310 C. 20,000 D. 0 E. None of the above 13. Which of the listed statements regarding dependency status is incorrect? 1. Ignoring the multiple support scenario, more than 50% of the support of a qualifying relative must be provided by the taxpayer who would claim the individual as a dependent. 2. An individual who is a qualifying child of a taxpayer cannot be a qualifying relative. 3. To be a qualifying child of a taxpayer, an individual must have the same principal place of abode as the taxpayer for the entire tax year in question. 4. To be a qualifying relative, an individual must have no more than $4,300 (2021 Form 1040) of gross income for the year. A. Statement 1 Statement 2 C. Statement 3 D. Statement 4 E All four of the statements are correctStep by Step Solution
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