Compute the additional Medicare tax for the following taxpayers. If required, round your answers to the nearest dollar. a. Mario, who is single, earns wages of $386,800. His additional Medicare tax is $ b. George and Shirley are married and file a joint return. During the year, George earns wages of $229,900, and Shirley earns wages of $344,850. Their additional Medicare tax is $ c. Simon has net investment income of $58,000 and MAGI of $290,000 and files as a single taxpayer
Compute the additional Medicare tax for the following taxpayers. If required, round your answers to the nearest dollar. a. Mario, who is single, earns wages of $386,800. His additional Medicare tax is $ b. George and Shirley are married and file a joint return. During the year, George earns wages of $229,900, and Shirley earns wages of $344,850. Their additional Medicare tax is $ c. Simon has net investment income of $58,000 and MAGI of $290,000 and files as a single taxpayer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Compute the additional Medicare tax for the following taxpayers. If required, round your answers to the nearest dollar.
a. Mario, who is single, earns wages of $386,800.
His additional Medicare tax is $
b. George and Shirley are married and file a joint return. During the year, George earns wages of $229,900, and Shirley earns wages of $344,850.
Their additional Medicare tax is $
c. Simon has net investment income of $58,000 and MAGI of $290,000 and files as a single taxpayer.
Simon's additional Medicare tax is $
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