QUESTION 17

1. Barney is single, reports net investment income of $75,000 and has modified adjusted gross income of $230,000 in 2020. What is Barney's net investment income tax?

   	a.	$1,140
   	b.	$0, because he is not subject to that tax.
   	c.	$5,890
   	d.	$2,850

QUESTION 18

1. Under the Internal Revenue Code, the holding period for property acquired by inheritance is always:

   	a.	Determined by the date of death.
   	b.	Long-term.
   	c.	Short-term.
   	d.	Determined by the date acquired by the individual who died.