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Taxpayer and Spouse are a married couple filing a joint return. For the taxable year, the taxpayers claims the standard deduction and have no For

Taxpayer and Spouse are a married couple filing a joint return. For the taxable year, the taxpayers claims the standard deduction and have no For AGI deductions. The couple reports only the following items of gross income. Determine Taxpayer's Net Investment Income Tax liability.

  • Salary of $242,000
  • Interest on corporation bonds of $51,000

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