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Dakotah received the following dividends in 2019: an eligible dividend of $4,000 a non-eligible dividend of $1,500 a dividend of $850 from a foreign corporation,
Dakotah received the following dividends in 2019:
an eligible dividend of $4,000
a non-eligible dividend of $1,500
a dividend of $850 from a foreign corporation, net of $150 of foreign tax withheld
a stock dividend of 100 shares; the paid-up capital of the corporation was increased by $10 for each share issued, and the issuing company is a public company
a capital dividend of $2,000
Required:
Indicate the amount to be included in net income for tax purposes in respect of each of the dividends received by Dakotah in 2019.
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