Question
Income Tax 19) Reduced tax rates apply to dividends known as qualified dividends. True / False ----------------------------------------- 20) The taxpayer's basis in the bond increases
Income Tax
19)
Reduced tax rates apply to dividends known as
"qualified dividends."
True / False
-----------------------------------------
20)
The taxpayer's basis in the bond increases by the
amount of OID included in gross income.
True/ false
-----------------------------------------------
21)
To be considered alimony, the payments must meet
certain conditions. Which of the following is not one
of the conditions?
Payments must stop when the recipient
dies
Payments are not for child support
The two parties may not live in the same
household
Payments may be in cash or property
None of the above
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