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Geraldine works for a corporation with a dividend reinvestment plan. In lieu of dividends, Geraldine, who currently owns 1 , 5 0 0 shares of

Geraldine works for a corporation with a dividend reinvestment plan. In lieu of dividends, Geraldine, who currently owns 1,500 shares of stock, bought 100 additional shares of stock at $2 a share and paid a service charge of $4.75.The FMV of the stock was $12. The service charge was deducted from the dividends prior to the purchase of the stock. What must she report on her tax return as dividend income?A. $200. $1,200C. $1,204.75D. $1,195.25

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