Answer:
$2090
Explanation:
The net investment of Alain Mire's income tax is either of the lesser of his net investment income which happens to be $55,000 or or that of his modified (or adjusted) gross income lower than the threshold of $200,000 ($302,000 - $200,000 = $102,000)
From the two numbers we have, the lower between them is $55,000, and thus is what we'd use for our calculations.
We multiply this $55,000 by 3.8% $55,000 × 3.8% =
$55,000 * 3.8/100 =
$55,000 * 0.038 = $2,090
