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How much additional federal tax will an individual pay on a $100 eligible dividend if her marginal tax bracket is 20.5%? The dividend gross up

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How much additional federal tax will an individual pay on a $100 eligible dividend if her marginal tax bracket is 20.5%? The dividend gross up for eligible dividends is 38%, and the dividend tax credit is 15.0198% of the grossed-up dividend. $20.50 B $7.56 $13.27 D $15.02 What is the average Federal income tax rate in 2019 of an individual who earns $90,000 of taxable income? Refer to the following chart. Federal 2019 Income Tax Brackets and Rates 2019 Taxable income Applicable Federal Tax Rate Up to $47,630 15% Over $47,630 up to $95,259 20.5% Over $95,259 up to $147,667 26% Over $147,667 up to $210,371 29% Over $210,371 33 17.59% B 16.91% C) 22.71% 20.5% Dominique's total allowable medical expenses in 2019 were $4,200. Her net income was $70,000 and the cut-off for the medical expense amount in 2019 was 3% of net income, or $2,352, whichever is less. What was her Federal medical expense tax credit in 2019? The lowest federal tax rate was 15%. $353 B $630 $277 D $315

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