Peter and Joan are married and Joan has self-employment income of $240,000.Peter is retired.How much additional 0.9% Medicare tax will Peter and Joan owe with their 2017 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 tax will Peter and Joan owe with their 2017 income tax return? ​

Quizplus · Accepted Answer

The 0.9% additional Medicare tax only applies to wages, compensation, and self-employment income above certain thresholds. Since Peter is retired and has no wages or self-employment income, he and Joan will not owe any additional Medicare tax.

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