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Setler79 [48]
3 years ago
11

Alain mire files a single tax return and has adjusted gross income of $304,000. his net investment income is $53,000. what is th

e additional tax that alain will pay on his net investment income for the year?
Business
1 answer:
scoray [572]3 years ago
4 0

Answer:

$2,014

Explanation:

Alain's net investment income tax is the lesser of 1) his net investment income ($53,000) or 2) his modified adjusted gross income less the threshold of $200,000 .

Therefore

$304,000 - $200,000 = $104,000

3.8%×$104,000= $3,952

($53,000 × 3.8% )= $2,014

The additional tax that alain will pay on his net investment income for the year is $2,014

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Answer:

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