Use the following for the next two questions: Your clients, who file MFJ, have a MAGI of $318,000. They recently sold their principal residence for $1,195,000, which had a cost basis $671,500. Their total other NII is $39,000. 4) What is their total Net Investment Income? $0 a b. $39,000 C. $62,500 d. $107,000 5) How much NIIT do they owe? a $1,482 b. $2,375 c. $2,584 d. $4,484

Use the following for the next two questions: Your clients, who file MFJ, have a MAGI of $318,000. They recently sold their principal residence for $1,195,000, which had a cost basis $671,500. Their total other NII is $39,000. 4) What is their total Net Investment Income? a. $0 b. $39,000 c. $62,500 d. $107,000 5) How much NIIT do they owe? a. $1,482. b. $2,375 c. $2,584 d $4.484