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Problem 6-18 (Algorithmic) Special Rules for High-Income Taxpayers (LO 6.7) Rachel is single and has wages of $162,950 and dividend income of $97,770. She
Problem 6-18 (Algorithmic) Special Rules for High-Income Taxpayers (LO 6.7) Rachel is single and has wages of $162,950 and dividend income of $97,770. 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. 2,307.36 X Feedback Check My Work The Affordable Care Act imposes a 3.8% Medicare tax on the net investment income of certain individuals with modified AGI over $25 ($125,000 if married filing separate), and $200,000 for single filers.
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Income Tax Fundamentals 2015
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
33rd Edition
9781305177772, 128543952X, 1305177770, 978-1285439525
