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Respond to the Following Independent Situations

Question 110

Essay

Respond to the following independent situations:
a. Marie and Jim, husband and wife, filing jointly, earn $375,000 in salaries and do not have any net investment income.
How much in surtax will Marie and Jim be assessed on their Form 1040 for 2015? ____
b. Marie and Jim, husband and wife, filing jointly, earn $275,000 in salaries and $60,000 in capital gains, $40,000 in dividends, for a total MAGI of $375,000.
How much in surtax will Marie and Jim be assessed on their Form 1040 for 2015? ____
c. Marie and Jim, husband and wife, filing jointly earn $330,000 in income including $100,000 in capital gains.
How much in surtax will Marie and Jim be assessed on their Form 1040 for 2015? _____

Correct Answer:

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a. $0.
b. ...

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