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Question 3. (8 Marks) Case 1. Taxable dividends (2 Marks) A single individual that has 100,000 taxable income before dividends and is in the 28%

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Question 3. (8 Marks) Case 1. Taxable dividends (2 Marks) A single individual that has 100,000 taxable income before dividends and is in the 28% marginal tax bracket, if that individual receives a qualified cash dividend of 1,000 the tax rate applied to the dividend would be 15%. What would be the tax liability for the individual

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