Medicare contribution tax liability, Accounting Basics

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Medicare contribution tax liability

Allen Green is a single taxpayer with an AGI (and modified AGI) of $210,000, which includes $170,000 of salary, $25,000 of interest income, $10,000 of dividends, and $5,000 of long-term capital gains. What is Allen's Medicare contribution tax liability this year, rounded to the nearest whole dollar amount?

A. $2,465

B. $1,520

C. $570

D. $380

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Accounting Basics: Medicare contribution tax liability

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Accounting Basics: Medicare contribution tax liability

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Recent Questions Asked Accounting Basics

Q : How are infections of upper respiratory tract

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Accounting Basics: Medicare contribution tax liability

Reference No:- TGS043822

Recent Questions Asked Accounting Basics

Q : How are infections of upper respiratory tract

Q : Semiannual interest from the bonds

Q : Itemized deductions last year

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Q : Medicare contribution tax liability

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Q : Amount of revenue pacific should recognize

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