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Kisachek [45]
2 years ago
12

Alain Mire files a single tax return and has adjusted gross income of $309,000. His net investment income is $48,000. What is th

e additional tax that Alain will pay on his net investment income for the year
Business
1 answer:
Anuta_ua [19.1K]2 years ago
5 0

Answer: $1,824

Explanation:

According to the IRS, Net Investment Income tax is the lesser figure of either,

i. The net investment income or,

ii. Modified adjusted gross income less the threshold of $200,000 of the person.

The lesser figure is then multiplied by 3.8% to find the tax.

Alain Mire's net Investment Income is $48,000.

His Modified adjusted gross income less the threshold of $200,000 is,

= 309,000 - 200,000

= $109,000

The lesser figure is his Net Investment Income so Additional Tax is,

= 48,000 * 3.8%

= $1,824

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Answer:

Explanation:

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Economic growth in the country of Southville has slowed down in the last few months. Following a collapse in housing​ prices, se
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Complete Question:

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4 0
2 years ago
A firm has $3,600,000 in its common stock account and $36,000,000 in its paid in capital accountThe firm issued 450,000 shares o
butalik [34]

Answer:

the issue price is $88 per share

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