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Respond to the following independent situations: a. Masa and Haiming, husband and wife, filing jointly, earn $275,000 in salaries and do not have any net
Respond to the following independent situations: |
a. | Masa and Haiming, husband and wife, filing jointly, earn $275,000 in salaries and do not have any net investment income. |
(1) | How much in surtax will Masa and Haiming be assessed on their Form 1040 for 2014? (Do not leave cells blank, enter "0" if there is no effect.) |
b. | Masa and Haiming, husband and wife, filing jointly earn $200,000 in salaries and $50,000 in capital gains, $50,000 in dividends, and $25,000 in saving interest for a total MAGI of $325,000. |
(1) | How much in surtax will Masa and Haiming be assessed on their Form 1040 for 2014? |
c. | Masa and Haiming, husband and wife, filing jointly earn $320,000 in salaries and $50,000 in capital gains for a total MAGI of $370,000. |
(1) | How much in surtax will Masa and Haiming be assessed on their Form 1040 for 2014? |
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