Answered: Pham, single, has wages of $208,000 and…

Pham, single, has wages of $208,000 and net investment income of $140,000 in 2020. Her AGI (MAGI) is $348,000. What is Pham’s additional Medicare tax liability + net investment income tax?

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter3: Tax Formula And Tax Determination : An Overview Of Property Transactions

Section: Chapter Questions

Problem 49P: During 2019, Inez (a single taxpayer) had the following transactions involving capital assets: a. If...

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Pham, single, has wages of $208,000 and net investment income of $140,000 in 2020. Her AGI (MAGI) is $348,000.

What is Pham’s additional Medicare tax liability + net investment income tax?

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