The net investment income tax is computed on: * The amount by which the taxpayer

Question

The net investment income tax is computed on: *

The amount by which the taxpayer's modified adjusted gross income exceeds the threshold, regardless of net investment income. The amount of net investment income, regardless of the taxpayer's modified adjusted gross income. The lesser of the amount by which the taxpayer's modified adjusted gross income exceeds the threshold or the taxpayer's net investment income. The greater of the amount by which the taxpayer's modified adjusted gross income exceeds the threshold or the taxpayer's net investment income.

Explanation / Answer

Solution: The lesser of the amount by which the taxpayer's modified adjusted gross income exceeds the threshold or the taxpayer's net investment income

Explanation: Net Investment Income Tax on the lesser of taxpaer's net investment income, or the amount by which taxpayer's modified adjusted gross income exceeds the threshold amount

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