Short Answer
Respond to the following independent situations:
a.Rosalva and Francisco,husband and wife,filing jointly,earn $475,000 in salaries and do not have any net investment income.
How much in surtax will Rosalva and Francisco be assessed on their Form 1040 for 2017?
b.Rosalva and Francisco,husband and wife,filing jointly,earn $325,000 in salaries and $60,000 in capital gains,$40,000 in dividends,for a total MAGI of $375,000.
How much in surtax will Rosalva and Francisco be assessed on their Form 1040 for 2017?
c.Rosalva and Francisco,husband and wife,filing jointly earn $330,000 in income including $100,000 in capital gains.
How much in surtax will Marie and Jim be assessed on their Form 1040 for 2017?
Correct Answer:
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a.$0.
b.$3...View Answer
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Correct Answer:
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b.$3...
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