Question: Ms . Shaver, a single taxpayer, has $ 2 1 4 , 0 0 0 taxable income, which includes a $ 1 9 , 6
Ms Shaver, a single taxpayer, has $ taxable income, which includes a $ qualified dividend from Benbow, Incorporated. Use Tax rates for capital gains and qualified dividends.
Required:
Compute her income tax on this dividend assuming that on the basis of Ms Shavers instruction, Benbow made a $ direct deposit into her bank account.
Compute her income tax on this dividend assuming that on the basis of Ms Shavers instruction, Benbow reinvested the dividend in additional Benbow shares.
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