Eric and Marissa will file a joint return. Eric owns shares of stock, and during the year, he received dividends from this investment. In early 2022, he received the following Form 1099-DIV. The couple's only other income was from wages. Their taxable income for the year was $88,910. How much tax will they pay on their dividend income? (Answer choices are below the image.)

CORRECTED (if checked) PAYER'S name, street address, city or town, state or province, country, ZIP 1a Total ordinary dividends OMB No. 1545-01 10 or foreign postal code, and telephone no. ELM CORPORATION $ 1,500.00 2021 Dividends and 1012 MAIN STREET 1b Qualified dividends Distributions YOUR CITY, YS XXXXX 1,500.00 Form 1099-DIV (XXX) 555-1111 2a Total capital gain distro 2b Unrecap. Sec. 1250 gain Copy B $ $ For Recipient PAYER'S TIN RECIPIENT'S TIN 2c Section 1202 gain 2d Collectibles (28%) gain XX-XXXXXXX XXX-XX-XXXX $ 2e Section 897 ordinary dividends |2f Section 897 capital gain $ RECIPIENT'S name 3 Nondividend distributions Federal income tax withheld This is important tax ERIC ROBERTSON information and is 5 Section 199A dividends Investment expenses being fumished to the IRS. If you are Street address (including apt. no.) required to file a 7 Foreign tax paid 8 1408 LAUREL DRIVE Foreign country or U.S. possession return, a negligence penalty or other sanction may be City or town, state or province, country, and ZIP or foreign postal code imposed on you if 9 this income is taxable YOUR CITY, YS XXXXX Cash liquidation distributions 10 Noncash liquidation distributions and the IRS $ determines that it has not been reported. FATCA filing 11 Exempt-interest dividends 12 Specified private activity requirement bond interest dividends 0 $ Account number (see instructions) 13 State 14 State Identification no. 15 State tax withheld $ 2111112349 $ Form 1099-DIV keep for your records) www.irs.gow/Form1099DMV Department of the Treasury - Internal Revenue Service O $0 O $150 OO $330