Solve both questions Asap Married taxpayers John and June Jenson report net investment income of $110,000 andmodified adjusted gross income of 245,000. What amount of net investment income tax, if any,will apply for the year?12.А.$ 2,180В.9,31020,000C.D.Е.None of the above13.Which of the listed statements regarding dependency status is incorrect?1. Ignoring the multiple support scenario, more than 50% of the support of aqualifying relative must be provided by the taxpayer who would claim theindividual as a dependent.2. An individual who is a qualifying child of a taxpayer cannot be a qualifyingrelative.3. To be a qualifying child of a taxpayer, an individual must have the same principalplace of abode as the taxpayer for the entire tax year in question.4. To be a qualifying relative, an individual must have no more than $4,300 (2021Form 1040) of gross income for the year.A.Statement 1В.Statement 2С.Statement 3D.Statement 4Е,All four of the statements are correct

As per the honor code, We’ll answer the first question since the exact one wasn’t specified. Please…

Answered: Married taxpayers John and June Jenson…

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter26: Tax Practice And Ethics

Section: Chapter Questions

Problem 31P

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Married taxpayers John and June Jenson report net investment income of $110,000 and modified adjusted gross income of 245,000. What amount of net investment income tax, if any, will apply for the year? 12. A. $ 2,180 В. 9,310 20,000 C. D. E. None of the above