Exercise 9-5 (Algorithmic) (LO. 5) George and Aimee are married. George has wage income of $224,400, and Aimee has a sole proprietorship that generated net income of $89,760. They also have interest and dividend income of $22,440. Compute any NIIT and additional Medicare tax they owe for the current year. Round your answers to the nearest dollar. NIIT 3,291 X Additional Medicare Tax 2,438 X Feedback Check My Work A high-income individual may be subject to both the NIIT as well as the additional Medicare tax. In general, investment income inciu Interest, dividends, annuities, royalties, rents, income from passive activities, and net gains from the sale of investment property. Problem 9-19 (Algorithmic) (LO. 2, 3, 4, 5) Taylor, age 18, is dependent of her parents. For 2021, she has the following income: 55,800 of wages from a summer job, 51,820 of Interest from a money market account, and $1,875 of interest from City of Chicago bonds If required, round your answers to the nearest dollar. If required, round your answers to the nearest dollar. If an amount is zero, enter "o". Click here to access the 2021 tax rate schedule. a. Taylor's standard deduction for 2021 Is Taylor's taxable income for 2021 is s Feedback Check My Work To reduce the tax savings that result from shifting income from parents to children, the net unearned income (commonly calle income) of certain children is taxed using special rules. This provision, commonly referred to as the kiddie tax, applies to any under age 19 (or under age 24 if a full-time student) and has unearned income of more than $2,200. b. Compute Taylor's "net unearned income for the purpose of the kiddie tax. urn and have taxable income of $135.000 (no dividends or capital gains), b. Compute Taylor's "net unearned income for the purpose of the kiddie tax. Compute Taylor's tax liability. [Her parents file a joint return and have taxable income of $135,000 (no dividends or capital gains)