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Tom bought 100 shares of Apple stock at $200 each sixteen months ago, and today Apple stock price is $220. Apple just paid a dividend

  1. Tom bought 100 shares of Apple stock at $200 each sixteen months ago, and today Apple stock price is $220. Apple just paid a dividend of $0.75 per share. Tom faces an ordinary income tax rate of 35% and capital gain/qualified dividend tax rate of 18.8%. How much tax does Tom owe to the IRS on this dividend income?

    $14.1

    $26.25

    $75

    $200

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