The net investment income tax is computed on____________ a. the amount of net in

Question

The net investment income tax is computed on____________

a. the amount of net investment income, regardless of the taxpayer's modified adjusted gross income.

b. the lesser of the amount by which the taxpayer's modified adjusted gross income exceeds the threhold or the taypayer's net investment income.

c. the greater of the amount by which the taxpayer's modified adjusted gross income exceeds the threhold or the taypayer's net investment income.

d. the amount by which the taypayer's modified adjusted gross income exeeds the threshold, regardless of net investment income.

Explanation / Answer

The net investment income tax is computed on the lesser of the amount by which the taxpayer's modified adjusted gross income exceeds the threhold or the taypayer's net investment income. Option B is correct

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