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Hayley recently invested $26,000 in a public utilly stock paying a 4 percent annual dividend. (Hayley's marginal income tax rate is 32 percent) Use Tax

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Hayley recently invested $26,000 in a public utilly stock paying a 4 percent annual dividend. (Hayley's marginal income tax rate is 32 percent) Use Tax Rate Schedule Dividends and Cantal Gains Tax Rates for reference. Required: a.it Hayley reinvests the annual dividend she receives net of any taxes owed on the dividend, how much will her Investment be worth in four years of the dividends pald are qualified dividends? b. What will her investment be worth in four years if the dividends are nonqualified? (For all requirements, do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) a. Investimet worth when dividends are qualified Investment worth when dividends are nonqualified s 30.710 30,731 S Margaret Lindley paid $15.200 of interest on her $302.000 acquisition debt for her home (tolt market value of $502,000), 1200 of uiterest on her $30.200 home equity debt used to buy a new boat and car $1.200 of credit card interest and $3,200 of margin interest for the purchase of stock. Assume that Margaret Lindley has $10,200 ot interest income this year and no other investment expenses. How much of the interest expense may she deduct this year? Mulople Choice $22.600 None of the choices are correct $18.400 5400 Dana intends to invest $80,000 in either a Treasury bond or a corporate bond. The Treasury bond yields 5 percent before tax and the corporate bond yields 6 percent before tax. Assuming Dana's federal marginal rate is 24 percent and her marginal state rate is 5 percent, how much interest after-tax would Dana earn by investing in the corporate bond? (Do not round intermediate calculations and round your final answer to the nonrest whole dollar amount.) Interest $ 3456

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