Barbara and Michael, married filing jointly, received Form 1099-DIV from Coca-Cola, Inc. showing ordinary dividends of $2,100
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Barbara and Michael, married filing jointly, received Form 1099-DIV from Coca-Cola, Inc. showing ordinary dividends of $2,100 and qualified dividends of $1,500. Kathy and Tom have taxable income of $95,000. Their marginal tax bracket is 22%. What is the tax liability on the dividend income received?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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