Henry and Janice Are Married and File Jointly

question 22

Essay

Henry and Janice are married and file jointly. They have an AGI (and modified AGI)of $290,000, which includes $90,000 of salary, $170,000 of active business income, $10,000 of interest income, $15,000 of dividends, and $5,000 of long-term capital gains. What is Henry and Janice's net investment income tax liability this year? (Round your final answer to the nearest whole dollar amount.)

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Definitions:

Mental Health

A state of well-being in which an individual realizes their own abilities, can cope with the normal stresses of life, can work productively, and is able to make a contribution to their community.

Coping Abilities

The range of skills, strategies, and behaviors that individuals use to manage and mitigate stress and adversity.

Traumatic

Refers to an experience or event that causes severe psychological distress or injury.

Stress

A feeling of emotional or physical tension that can come from any event or thought, making one feel frustrated, angry, or nervous.