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a. Respond to the following: In 2021, how are qualified dividends taxed? Qualified dividends are taxed at either 0% or 15% depending on income
a. Respond to the following: In 2021, how are qualified dividends taxed? Qualified dividends are taxed at either 0% or 15% depending on income and filing status b. Complete the following paragraph that outlines the tax rates and application for qualifying dividends. A single taxpayer with taxable income of $40,400 or below would have capital gains taxed at a rate of 20% If that same single taxpayer's taxable income was over $40,400 but below $445,850, the capital gains rate would be 20% And if that taxpayer made over $445,850 of taxable income, the capital gains rate would be 10% income taxpayers may also need to pay an additional 2.9% Medicare tax on thele net income In addition, certain high-
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