Patty and Rich,married filing jointly,have $385,000 in MAGI and $90,000 of net investment income NII).They will pay a surtax of:
A)$0.
B)$3,420.
C)$5,130.
D)$1,710.

Question

Quizplus · Accepted Answer

The surtax is 3.8% of the lesser of NII or the excess of MAGI over $250,000. The lesser of NII or the excess of MAGI over $250,000 is $90,000. The surtax is 3.8% of $90,000, which is $3,420.

Patty and Rich,married Filing Jointly,have $385,000 in MAGI and $90,000