Question: Steps for Exercise 1 2 - 2 5 ( Algorithmic ) ( LO . 7 ) Compute the additional Medicare tax for the following taxpayers.
Steps for
Exercise AlgorithmicLO
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 $
His additional Medicare tax is
b George and Shirley are married and file a joint return. During the year, George earns wages of $ and Shirley earns wages of $
Their additional Medicare tax is $
c Simon has net investment income of $ and MAGI of $ and files as a single taxpayer.
Simon's additional Medicare tax is $
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