Allen Green Is a Single Taxpayer with an AGI (And

question 114

Multiple Choice

Allen Green is a single taxpayer with an AGI (and modified AGI) of $210,000, which includes $170,000 of salary, $25,000 of interest income, $10,000 of dividends, and $5,000 of long-term capital gains. What is Allen's Net Investment Income tax liability this year, rounded to the nearest whole dollar amount?

• A) $2,465
• B) $1,520
• C) $570
• D) $380

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Definitions:

Transnational Communities

Communities whose boundaries extend between countries.

Ethnic Groups

Collectives of people who share a common identity based on cultural characteristics such as language, religion, ancestral heritage, and traditions.

Boundaries

Limitations or borders that define the scope of responsibilities, roles, and distinctions between entities or concepts.

Hart-Cellar Act

A U.S. immigration law enacted in 1965 that abolished the earlier quota system based on national origin and established a new immigration policy based on reuniting immigrant families and attracting skilled labor to the United States.