Examlex
Gina is a single taxpayer and an active partner in the GMA LLC.Gina's Schedule K-1 reflects a $20,000 ordinary income share,$2,000 of interest income,and a $10,000 guaranteed payment for services.Gina's self-employment income from other sources and modified adjusted gross income is about $300,000.With respect to the income from the LLC,Gina will be subject to the 0.9% additional Medicare tax on $30,000 and the 3.8% net investment income tax of $2,000.
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