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Marietta will use the single filing status for 2019. She owns shares of stock, and during the year, she received dividends from this investment. She
Marietta will use the single filing status for 2019. She owns shares of stock, and during the year, she received dividends from this investment. She received a 2019 Form 1099-DIV from the company reporting a distribution of $1,000 in total ordinary dividends, shown in box 1, and qualified dividends of $1,000, shown in box 2. Marietta's only other income was from wages. Her taxable income for the year was $36,500. How much tax will she owe on the dividend income?
$0
$120
$150
$400
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