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 2014 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 2014 income tax return? ​

Quizplus · Accepted Answer

The 0.9% Medicare surtax applies only to wages, self-employment income, and railroad retirement tier 1 income. Since Peter is retired and has no wages or self-employment income, he is not subject to the surtax.

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