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ACC-203 Personal Income Tax Assignment Problem

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Reference no: EM132438261

ACC-203 Personal Income Tax Assignment - Bunker Hill Community College, USA

Question - Net investment income

Penny and Billy, a married couple filling a joint return, had the following earnings in 2018.

Penny salary $100,000

Billy salary $75000

Dividends $75000

Long term capital gains $50,000

Required - Calculate their Net investment income tax.

Reference no: EM132438261

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