Daunte and Shanice are married taxpayers filing a joint tax return. In 2020, their adjusted...
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Daunte and Shanice are married taxpayers filing a joint tax return. In 2020, their adjusted gross income (AGI) is $360,000, and their investment income (included in the AGI) is $100,000. They have an investment interest expense of $7,000 and $5,000 of state income taxes attributable to the investment income. What is the amount of Medicare contribution tax they must pay?
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