Peter and Joan Are Married and Joan Has Self-Employment Income

question 75

Multiple Choice

Peter and Joan are married and Joan has self-employment income of $240,000. Peter is retired. How much additional 0.9% Medicare surtax will Peter and Joan owe with their 2016 income tax return? ​

• A)$360
• B)$2,160
• C)$0
• D)They will receive a $90 refund

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Definitions:

Tutankhamen

An Egyptian pharaoh of the 18th dynasty, renowned for his tomb's discovery in 1922 which contained rich artifacts and treasures.

Thebes

Thebes is an ancient city in Egypt, known for its wealth, grand temples like Karnak and Luxor, and as the burial ground of pharaohs in the Valley of the Kings.

Mastaba

An ancient Egyptian tomb structure of rectangular shape with inward sloping sides and a flat roof.

Tholos

A circular building of ancient Greek and Roman architecture, typically set at a sanctuary, characterized by a conical or dome-shaped roof.