In tax year 2021, an unmarried taxpayer had net investment income (NII) of $32,000 and AGI of $215,000. Calculate the amount of net investment income tax the taxpayer is required to pay

Respuesta :

The amount of net investment income tax that the taxpayer would have to pay is $570

What is net investment income tax?

This is a tax that is paid on capital gains and dividends. This tax requires a 3.8 percent cut off from the gains.

The amount that is taxed is the amount of money that is usually greater than a threshold of $200000.

The AGI of 215000 is to be taxed.

215000-200000 = $15000

The extra 15000 is what the tax of 3.8% would be applied on

3.8% * 15000

= $570

The net investment tax that is to be paid is therefore $570

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Universidad de Mexico