Respond to the Following Independent Situations

question 25

Short Answer

Respond to the following independent situations:
a.Marie and Jim,husband and wife,filing jointly,earn $375,000 in salaries and do not have any net investment income.
How much in surtax will Marie and Jim be assessed on their Form 1040 for 2014? _____
b.Marie and Jim,husband and wife,filing jointly,earn $275,000 in salaries and $60,000 in capital gains,$40,000 in dividends,for a total MAGI of $375,000.
How much in surtax will Marie and Jim be assessed on their Form 1040 for 2014? _____
c.Marie and Jim,husband and wife,filing jointly earn $330,000 in income including $100,000 in capital gains.
How much in surtax will Marie and Jim be assessed on their Form 1040 for 2014? ______

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Definitions:

Predict

The act of forecasting future events or outcomes based on current or past information.

Mental Processes

The internal, covert activities of our minds, such as thinking, feeling, and remembering.

Forming Hypothesis

The process of developing a tentative explanation or prediction that can be tested through investigation.

Scientific Investigation

The systematic process of gathering and analyzing evidence to understand the natural world, following scientific methods.