Question 1
Rena and Ronald, a married couple, each earn a salary of $200,000. They will be required to pay
additional payroll taxes in 2016 of
◦ $0.
◦ $1,350.
◦ $1,800.
◦ $5,800.
Question 2
Rob is a taxpayer in the top tax bracket, with over a million in taxable income. He plans to sell stock held long-term for a $100,000 gain. This sale will result in an increase to his tax liability of
◦ $15,000.
◦ $20,000.
◦ $39,600.
◦ $23,800.