On 1/1/20X1, Marlissa invested $50,000 in a Mutual Fund. On 5/1/20X1, Marlissa received $5,000 in dividends from her investment in the Mutual Fund. She sold her $50,000 investment in the Mutual Fund on 6/15/20X1. Her marginal ordinary income tax rate is 24%. What Federal Income Tax Rate will Marlissa pay on the $5,000 in Qualified Dividend income?  

 

Matt is age 75. He received $4,000 from an annuity in 2021. He paid $40,000 for that annuity in 2010. The annuity will pay Matt $4,000 a year, for 15 years, starting in 2011. How much of the $4,000 is included in Matt's taxable income in 2021?