A single individual that has 100,000 taxable income before dividends and is in the 28% marginal tax bracket, if that individual receives a qualified cash dividend of 1,000 the tax rate applied to the dividend would be 15%. What would be the tax liability for the individual?

Note Tax tables 34,000 82,400 = 4,581.25 + (82,400 34,000) x 25%