Question
Respond to the following independent situations: a. Jacob is a single taxpayer who has net investment income consisting of $10,000 interest on a certificate of
Respond to the following independent situations:
a. Jacob is a single taxpayer who has net investment income consisting of $10,000 interest on a certificate of deposit, $5,000 from dividends from a mutual fund, $5,000 from capital gain distributions from mutual funds, and $40,000 in long term capital gains from selling some stocks and his MAGI is $190,000.
(a) How much in surtax will Jacob be assessed on his Form 1040 for 2013?
b. Jacob is a single taxpayer who has net investment income consisting of $10,000 interest on a certificate of deposit, $5,000 from dividends from a mutual fund, $5,000 from capital gain distributions from mutual funds, and $40,000 in long term capital gains from selling stocks and his MAGI is $250,000.
(b)How much in surtax will Jacob be assessed on his Form 1040 for 2013?
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Company Audit In A Budget Internal Audit For Financial Managers
Authors: Pramod Kesav N
1st Edition
B09QXF42M2
