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Respond to the following independent situations: Masa and Haiming, husband and wife, filing jointly, earn $262,000 in salaries and do not have any net investment
Respond to the following independent situations:
- Masa and Haiming, husband and wife, filing jointly, earn $262,000 in salaries and do not have any net investment income.
- Masa and Haiming, husband and wife, filing jointly, earn $196,000 in salaries and $48,000 in capital gains, $48,000 in dividends, and $24,000 in savings interest for a total MAGI of $316,000.
- Masa and Haiming, husband and wife, filing jointly, earn $322,500 in salaries and $48,000 in capital gains for a total MAGI of $370,500.
How much in surtax will Masa and Haiming be assessed on their Form 1040 for 2016?
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Corporate Financial Accounting
Authors: Carl S Warren, James M Reeve, Jonathan Duchac
11th Edition
0538480920, 9780538480925
