13. (2 pts) Investment Interest Expense is only deductible against Portfolio Income. In this question Income is made up of Qualified Dividends and tax-exempt bond interest income. The taxpayer makes the election to treat the Qualified Dividends as income eligible to offset the otherwise not currently deductible investment interest expense. what is the tax rate used for taxing these Qualified Dividends? (assume taxpayer is in the highest marginal ordinary income tax bracket). 14. (2 pts) Following up on 13 what planning action might the taxpayer consider. Assume that the taxpayer would not have a capital gain or loss on changing asset mix. 15. (2 pts) An S Corporation is owned by one person who is also the only person who works in the business. What tax considerations are relevant to paying salary and taking the rest of the income as the distributable share versus taking no salary and allowing all of the taxable income to flow out as the distributable share (i.e. line 1 ordinary income)