1. What does the term, qualified mean to the IRS? a. Conforms to everyday use of the...
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Question:
1. What does the term, "qualified" mean to the IRS?
a. Conforms to everyday use of the term
b. Conforms to the IRS rules/requirements for deduction/exclusion
c. Someone who has the license to perform certain dutues
d. Someone who is competent/qualified to perform certain services
2. If I invest in a Mutual Fund and have the income reinvested into it, when is the dividend taxable to me?
a. Taxable as a capital gain when I sell the stock
b. When I sell all my stock in the Mutual Fund
c. When the dividend was declared by the Board of Directors
d. When the dividend is received
Related Book For
Marketing Real People, Real Choices
ISBN: 978-0132913171
4th Canadian Edition
Authors: Michael R. Solomon, Greg W. Marshall, Elnora W. Stuart, J. Brock Smith, Sylvain Charlebois, Bhupesh Shah
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