Alain Mire Files a Single Tax Return and Has Adjusted

question 10

Multiple Choice

Alain Mire files a single tax return and has adjusted gross income of $304,000. His net investment income is $53,000. What is the additional tax that Alain will pay on his net investment income for the year?

• A)$0.
• B)$2,014.
• C)$3,952.
• D)$1,938.
• E)None of the choices are correct.

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Definitions:

Authorized Expenditures

Expenditures that are officially approved or sanctioned by an authoritative body or individual, often within an organizational or governmental context.

Narrow Specifically

Focusing or specializing in a very specific or narrow area or topic.

Earmarks

Provisions within legislation that allocate funds for specific projects, often without proper review or competition.

Specifically Designated

Refers to items, locations, or statuses that have been identified and chosen for a special purpose or assignment.