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Briefly describe the tax consequences of the following transactions that occurred this year: a. Jaymie has received cash dividends of $150 b. Luke has received

  1. Briefly describe the tax consequences of the following transactions that occurred this year:
  2. a. Jaymie has received cash dividends of $150
  3. b. Luke has received products from his corporation with a fair market value of $95
  4. c. Ava has received 14 shares from her corporation as a share dividend

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