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What is florentino net investment income tax

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Reference no: EM132998277

Florentino's AGI (and modified AGI) is $325,000 for 2021. His filing status is single and his investment income consists of:

1. $300 taxable interest from his saving account
2. $500 dividends from his investment in Vegan Tamales Ltd
3. $5000 rental income for the home he owns and rent in Pacific Beach

Problem 1: What is Florentino's net investment income tax for 2021?

Problem 2: How does the answer change if his AGI (and modified AGI) is instead $190,000?

Problem 3: How does the answer change if his AGI (and modified AGI) is instead $205,000?

Reference no: EM132998277

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