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Terry and Tanya filed their 2021 federal income tax return using the married filing joint filing status. In 2021 their adjusted gross income was $270,000,
Terry and Tanya filed their 2021 federal income tax return using the married filing joint filing status. In 2021 their adjusted gross income was $270,000, consisting of $185,000 of wages and $85,000 of long-term capital gains. They claimed the standard deduction, and they did not make any charitable contributions during the year. Their net investment income tax liability for 2021 is:
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