Question: 2.)Ruth and Steve will file a joint return. During the year, they received dividends from a mutual fund investment, and they received a 2019 Form
2.)Ruth and Steve will file a joint return. During the year, they received dividends from a mutual fund investment, and they received a 2019 Form 1099-DIV reporting a distribution of $1,000 in total ordinary dividends, shown in box 1, and qualified dividends of $1,000, shown in box 2. Their only other income was from wages. Their taxable income for the year was $86,500. How much tax will they pay on their dividend income?
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