Sam, not married and does not maintain a home for a dependent, has $50,000 salary and $5,000 qualified dividends. Sam has itemized deductions of $14,000. Compute Sam's total tax liability includin both her income tax and net investment income tax, if applicable, for the current year. Group of answer choices $4, 100. $4, 115. $4,850. $5,040.
Sam, not married and does not maintain a home for a dependent, has $50,000 salary and $5,000 qualified dividends. Sam has itemized deductions of $14,000. Compute Sam's total tax liability includin both her income tax and net investment income tax, if applicable, for the current year. Group of answer choices $4, 100. $4, 115. $4,850. $5,040.
Chapter12: Alternative Minimum Tax
Section: Chapter Questions
Problem 27P
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