Question
Single taxpayer Roy Jacobs reports 2020 salary of $260,000, interest income of $3,000, dividend income of $1,000, and self employment (Schedule C) net income of
Single taxpayer Roy Jacobs reports 2020 salary of $260,000, interest income of $3,000, dividend income of $1,000, and self employment (Schedule C) net income of $80,000. How much, if any, Medicare surtax must Roy pay when filling his 2020 Form 1040?
A. $3,060
B. 1,260
C. 1,300
D. 1,300
E. None of the above
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Financial Accounting In An Economic Context
Authors: Jamie Pratt
7th Edition
0470128828, 978-0470128824
