Alain Mire files a single tax return and has adjusted gross income of $304,000. His net investment income is $53,000. What is the additional tax that Alain will pay on his net investment income for the year?
A)$0.
B)$2,014.
C)$3,952.
D)$1,938.
E)None of the choices are correct.

Question

Quizplus · Accepted Answer

The additional tax on net investment income is 3.8%, so the additional tax Alain will pay is $53,000 x 0.038 = $2,014.

Alain Mire Files a Single Tax Return and Has Adjusted