Allen Green is a single taxpayer with an AGI (and modified AGI) of $217,000, which includes $173,500 of salary, $27,100 of interest income, $10,700 of dividends, and $5,700 of long-term capital gains. What is Allen's net investment income tax liability this year, rounded to the nearest whole dollar amount?

Allen Green is a single taxpayer with an AGI (and modified AGI) of $217,000, which includes $173,500 of salary, $27,100 of interest income, $10,700 of dividends, and $5,700 of long-term capital gains. What is Allen's net investment income tax liability this year, rounded to the nearest whole dollar amount?

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter4: Additional Income And The Qualified Business Income Deduction

Section: Chapter Questions

Problem 9MCQ: In 2019, Tim, a single taxpayer, has ordinary income of $29,000. In addition, he has $2,000 in...

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