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need some help with this problem. i will give you a good rate. thank you in advance Ms. Shaver, a single taxpayer, has $213,200 taxable
need some help with this problem. i will give you a good rate. thank you in advance
Ms. Shaver, a single taxpayer, has $213,200 taxable income, which includes a $19,600 qualified dividend from Benbow Inc. Use rates for capital gains and qualified dividends. a. Compute her income tax on this dividend assuming that on the basis of Ms. Shaver's instruction, Benbow made a $19,600 dire deposit into her bank account. b. Compute her income tax on this dividend assuming that on the basis of Ms. Shaver's instruction, Benbow reinvested the divide additional Benbow shares. Complete this question by entering your answers in the tabs below. Required A Required B Compute her income tax on this dividend assuming that on the basis of Ms. Shaver's instruction, Benbow made a $19,600 direct deposit into her bank account. Income taxe Required B > ering your answers in the tabs below. Required A LIEBCODE Required B Compute her income tax on this dividend assuming that on the basis of Ms. Shaver's instruction, Benbow reinvested th dividend in additional Benbow shares. Income tax Required A Required B Tax rates for capital gains and qualified dividends. Rate Married Filing Jointly Married Filing Separately Single Head of Household 0% $0 - $78,750 $0 - $39,375 $0 - $39,375 $0 - $52,750 15%** $78,751 - $488,850 $39,376 - $244,425 $39,376 $434,550 $52,751 - $461,700 20% $488,851 $244,426+ $434,551 $461,701 * The highest income amount in this range for each filing status is referred to as the maximum zero rate amount ** The highest income amount in this range for each filing status is referred to as the maximum 15 percent amount Step by Step Solution
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