In 2017, Jacob Earned a Salary of $185,000 and Also

question 29

Multiple Choice

In 2017, Jacob earned a salary of $185,000 and also had the following items of investment income: $39,000 net short-term capital gain on sale of stock, $7,000 dividend income, $5,000 interest income from corporate bonds, and $4,000 interest income from tax-exempt municipal bonds. Compute Jacob's net investment income (NII) tax.

• A) $0
• B) $1,368
• C) $1,520
• D) $2,090

---

Definitions:

Symbolic Immortality

The belief or hope that one's influence, achievements, or culture will persist beyond one's physical life, providing a sense of lasting legacy.

Literal Immortality

Refers to the concept of achieving an unending lifespan, often through supernatural or futuristic means, wherein one does not age or die by natural causes.

Uncertainty

The state of being unsure or having doubts, often due to a lack of information or knowledge about an outcome or event.

Symbolic Immortality

A concept in psychology and sociology where individuals seek to leave a legacy that outlives them as a way to cope with the fear of death.