Allen Green is a single taxpayer with an AGI (and modified AGI) of $217,000, which includes $173,500 of salary, $27,100 of interest income, $10,700 of dividends, and $5,700 of long-term capital gains. What is Allen's net investment income tax liability this year, rounded to the nearest whole dollar amount?
Allen Green is a single taxpayer with an AGI (and modified AGI) of $217,000, which includes $173,500 of salary, $27,100 of interest income, $10,700 of dividends, and $5,700 of long-term capital gains. What is Allen's net investment income tax liability this year, rounded to the nearest whole dollar amount?
Chapter16: Property Transactions: Capital Gains And Losses
Section: Chapter Questions
Problem 3BCRQ
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Transcribed Image Text:Allen Green is a single taxpayer with an AGI (and modified AGI) of $217,000, which includes $173,500
of salary, $27,100 of interest income, $10,700 of dividends, and $5,700 of long-term capital gains.
What is Allen's net investment income tax liability this year, rounded to the nearest whole dollar
amount?
Multiple Choice
$1,653
$3,162
$863
$646
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