Peter and Joan are married and Joan has self-employment income of $240,000. Peter is retired. How much additional 0.9% Medicare surtax will Peter and Joan owe with their 2015 income tax return?

Question

Peter and Joan are married and Joan has self-employment income of $240,000. Peter is retired. How much additional 0.9% Medicare surtax will Peter and Joan owe with their 2015 income tax return? ​

Quizplus · Accepted Answer

The 0.9% Medicare surtax only applies to wages, compensation, and self-employment income. Since Peter is retired, he has no wages or compensation. Therefore, Peter and Joan will not owe any additional Medicare surtax.

Peter and Joan Are Married and Joan Has Self-Employment Income