Compute the additional Medicare tax for the following taxpayers. If required, roun answers to the nearest dollar. a. Mario, who is single, earns wages of $534,200. His additional Medicare tax is $ b. George and Shirley are married and file a joint return. During the year, George e of $291,900, and Shirley earns wages of $437,850.
Compute the additional Medicare tax for the following taxpayers. If required, roun answers to the nearest dollar. a. Mario, who is single, earns wages of $534,200. His additional Medicare tax is $ b. George and Shirley are married and file a joint return. During the year, George e of $291,900, and Shirley earns wages of $437,850.
Chapter13: Tax Credits And Payment Procedures
Section: Chapter Questions
Problem 23CE
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Subject: acounting
Transcribed Image Text:Compute the additional Medicare tax for the following taxpayers. If required, round your
answers to the nearest dollar.
a. Mario, who is single, earns wages of $534,200.
His additional Medicare tax is $
b. George and Shirley are married and file a joint return. During the year, George earns wages
of $291,900, and Shirley earns wages of $437,850.
Their additional Medicare tax is $
c. Simon has net investment income of $49,040 and MAGI of $245,200 and files as a single
taxpayer.
Simon's additional Medicare tax is $
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