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Mr. and Mrs. Lay's taxable income is $680,000, which includes a $22,130 dividend on their investment in Rexford Mutual Fund. Mr. and Mrs. Lay's marginal

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Mr. and Mrs. Lay's taxable income is $680,000, which includes a $22,130 dividend on their investment in Rexford Mutual Fund. Mr. and Mrs. Lay's marginal rate on ordinary income is 37 percent, and their entire Rexford dividend is subject to the Medicare contribution tax. Use Individual tax rate schedules and Tax rates for canital gains and qualified dividends a. Compute the Lays' total tax on this dividend if their Form 1099 from Rexford reported that the entire $22,130 was an ordinary dividend b. Compute the Lays' total tax on this dividend if their Form 1099 from Rexford reported that $17,630 was an ordinary dividend and $4,500 was a capital gain distribution c. Compute the Lays' total tax on this dividend if their Form 1099 from Rexford reported that $7070 was an ordinary dividend, $10720 was a qualified dividend distribution, and $4,340 was a capital gain distribution Complete this question by entering your answers in the tabs below. Required A Required B Required Compute the Lays' total tax on this dividend their Form 1099 from Rexford reported that the entire $22.130 was an ordinary dividend. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Income tax Medicare contribution tax Total tax Required > dividend. b. Compute the Lays' total tax on this dividend if $4,500 was a capital gain distribution. c. Compute the Lays' total tax on this dividend if was a qualified dividend distribution, and $4.3. Complete this question by entering your ans Required A Required B Required C Compute the Lays' total tax on this dividend if their and $4,500 was a capital gain distribution. (Round dollar amount.) Income tax Medicare contribution tax Total tax

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