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The 0.9 percent Medicare tax applies to: a.Earned income b.Tax exempt income c.Gain on the sale of a principal residence d.IRA distributions

The 0.9 percent Medicare tax applies to: a.Earned income b.Tax exempt income c.Gain on the sale of a principal residence d.IRA distributions

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The 0.9 percent Medicare tax applies to:
a.Earned income
b.Tax exempt income
c.Gain on the sale of a principal residence
d.IRA distributions 
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