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Problem 1-27 (Algorithmic) Special Rules for High-Income Taxpayers (LO 1.9) Rachel is single and has wages of $177,350 and dividend income of $106,410. She has
Problem 1-27 (Algorithmic) Special Rules for High-Income Taxpayers (LO 1.9)
Rachel is single and has wages of $177,350 and dividend income of $106,410. She has no investment expenses.
Calculate the amount of the 3.8 percent net investment income tax she must pay. Round your answer to the nearest whole dollar.
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