Question: Exercise 12-19 (Algorithmic) (LO. 7) Compute the additional Medicare tax for the following taxpayers. If required, round your answers to the nearest dollar. a. Mario,

Exercise 12-19 (Algorithmic) (LO. 7) Compute the additional Medicare tax for the following taxpayers. If required, round your answers to the nearest dollar. a. Mario, who is single, earns wages of $303,200. His additional Medicare tax is $ b. George and Shirley are married and file a joint return. During the year, George earns wages of $149,300, and Shirley earns wages of $223,950. Their additional Medicare tax is $ c. Simon has net investment income of $59,120 and MAGI of $295,600 and files as a single taxpayer. Simon's additional Medicare tax is $
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
