Respond to the following independent situations: a. Masa and Haiming, husband and wife, filing jointly, earn $275,000
Question:
a. Masa and Haiming, husband and wife, filing jointly, earn $275,000 in salaries and do not have any net investment income.
(1). How much in surtax will Masa and Haiming be assessed on their Form 1040 for 2014?
b. Masa and Haiming, husband and wife, filing jointly earn $200,000 in salaries and $50,000 in capital gains, $50,000 in dividends, and $25,000 in savings interest for a total MAGI of $325,000.
(1). How much in surtax will Masa and Haiming be assessed on their Form 1040 for 2014?
c. Masa and Haiming, husband and wife, filing jointly earn $320,000 in salaries and $50,000 in capital gains for a total MAGI of $370,000.
(1). How much in surtax will Masa and Haiming be assessed on their Form 1040 for 2014?
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a 1 The taxpayers do not have any net investment income b 1 The taxpayers met the thre...View the full answer
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Related Book For 
Fundamentals Of Taxation 2015
ISBN: 9781259293092
8th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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