Question
Barbara and Michael, married filing jointly, received Form 1099-DIV from Coca-Cola, Inc. showing ordinary dividends of $2,100 and qualified dividends of $1,500. Kathy and Tom
Barbara and Michael, married filing jointly, received Form 1099-DIV from Coca-Cola, Inc. showing ordinary dividends of $2,100 and qualified dividends of $1,500. Kathy and Tom have taxable income of $95,000. Their marginal tax bracket is 22%. What is the tax liability on the dividend income received?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
