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How much in surtax will jacob be assessed

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Jacob is a single taxpayer who has net investment income consisting of $10,000 interest on a certificate of deposit, $5,000 from dividends from a mutual fund, $5,000 from capital gain distributions from mutual funds, and $40,000 in long-term capital gains from selling some stocks, and his modified AGI is $190,000.

Jacob is a single taxpayer who has net investment income consisting of $10,000 interest on a certificate of deposit, $5,000 from dividends from a mutual fund, $5,000 from capital gain distributions from mutual funds, and $40,000 in long-term capital gains from selling some stocks, and his modified AGI is $250,000.

Jacob is a single taxpayer who has net investment income consisting of $30,000 interest on a certificate of deposit, $15,000 from dividends from a mutual fund, $15,000 from capital gain distributions from mutual funds, and $40,000 in long-term capital gains from selling some stocks, and his modified AGI is $300,000.

Problem 1: How much in surtax will Jacob be assessed on his Form 1040 for 2020?

Reference no: EM132815186

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