Respuesta :
The amount of her net investment income tax is $6,600
What is meant by net investment income tax?
In general terms, Net investment income is income received from investment assets such as bonds, stocks, mutual funds, loans, and other investments like less related expenses.
Here we have given that Diana (44) is single. she reported $1,000 of taxable interest on her 2021 tax return. her modified adjusted gross income is $220,000.
And we need to find the amount of her net investment income tax.
As per the definition of net investment income tax, we know that NII is subject to a 3.8% tax and applies to individuals with an NII and MAGI above certain thresholds.
So, based on this one, here we have the income $220,000.
Then the net investment income tax is calculated as,
=> 220,000 x 3/100
=> 6600
To know more about net investment income tax here.
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