The unearned income Medicare contribution tax applies only to individual taxpayers whose marginal income tax rate is 37%.

Question

Quizplus · Accepted Answer

The unearned income Medicare contribution tax applies to individual taxpayers whose modified adjusted gross income exceeds certain thresholds, regardless of their marginal income tax rate. For single taxpayers, the threshold is $200,000 and for married taxpayers filing jointly, the threshold is $250,000.

The Unearned Income Medicare Contribution Tax Applies Only to Individual