Rachel is single and has wages of $150,000 and dividend income of $90,000. She has no investment expenses. Calculate the amount of the 3.8 percent net investment income tax she must pay. _____________________________________________________________________
Answer to relevant QuestionsLeslie is a single taxpayer who is under age 65 and in good health. For 2014, she has a salary of $23,000 and itemized deductions of $1,000. Leslie is entitled to one exemption on her tax return. a. How much is Leslie’s ...Alicia (age 27) is a single, full-time college student. She earns $13,000 from a part time job and has taxable interest income of $1,400. Her itemized deductions are $690. Calculate Alicia’s taxable income for 2014. ...Multiple choice questions: 1. The definition of gross income in the tax law is: a. All items specifically listed as income in the tax law b. All cash payments received for goods provided and services performed c. All ...Ellen is a single taxpayer. Ellen’s employer pays $150 per month ($1,800 this year) for her health insurance. During the year, Ellen had medical expenses of $3,500 and the insurance company paid $2,000 of the expenses. How ...How are qualified dividends taxed in 2014? Please give the three rates of tax which apply to qualified dividends, and specify when each of these rates applies. ...
Post your question