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Question 18 of 75. Ramona will use the single filing status for 2020. She owns shares of stock, and during the year, she received dividends
Question 18 of 75. Ramona will use the single filing status for 2020. She owns shares of stock, and during the year, she received dividends from this investment. She received a 2020 Form 1099-DIV from the company reporting a distribution of $1,500 in total ordinary dividends, shown in box 1, and qualified dividends of $1,500, shown in box 2. Ramona's only other income was from wages. Her taxable income for the year was $38,950. How much tax will she owe on the dividend income? O so S150 S225 S300 Mark for follow up Question 19 of 75. Cecelia and Doug will file a joint return. During the year, they received dividends from a mutual fund investment, and they received a 2020 Form 1099-DIV reporting a distribution of $1,500 in total ordinary dividends, shown in box 1, and qualified dividends of $1,500, shown in box 2. Their only other income was from wages. Their taxable income for the year was $86,550. How much tax will they pay on their dividend income? SO S150 $225 S300 Mark for follow up Question 20 of 75. Taxpayers who receive more than $1,500 in interest income during the year must file: Form 1099-DIV. Form 1099-INT. The Qualified Dividends and Capital Gain Tax Worksheet. O Schedule B. OMark for follow up Question 21 of 75. Interest from a municipal bond investment is: Federally taxable and must be reported on Form 1040 Nontaxable and does not have to be reported. Not federally taxable but must be reported on Form 1040. Not federally taxable and only reportable on Form 1040 when the amount received exceeds $1,500. Mark for follow up Question 22 of 75. Arianna, a single taxpayer, had wage income of $59,475 in 2020. Her only other income was dividend income reported to her on Form 1099-DIV. She is required to file a Schedule B if her dividend income is greater than: S2,000 $1,500 $1,000 $300 Mark for follow up
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