Question: Exercise 12-25 (Algorithmic) (LO. 7) Compute the additional Medicare tax for the following taxpayers. If required, round your answers to the nearest dollar. a. Mario,
Exercise 12-25 (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 $369,200. His additional Medicare tax is $fill in the blank 1.
b. George and Shirley are married and file a joint return. During the year, George earns wages of $229,900, and Shirley earns wages of $344,850. Their additional Medicare tax is $fill in the blank 2.
c. Simon has net investment income of $46,240 and MAGI of $231,200 and files as a single taxpayer. Simon's additional Medicare tax is $fill in the blank 3.
Please answer all three questions
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