Use 2020 Tax Rate schedule and 2020 Tax Rates for Net Capital Gains and Qualified Dividends.

Hayley recently invested $34.000 in a public utility stock paying a 8 percent annual dividend. (Hayley's marginal income tax rate is 32 percent) Use Tax Rate Schedule. Dividends and Capital Gains Tax Rates for reference Required: o. If Hayley reinvests the annual dividend she receives net of any taxes owed on the dividend, how much will her investment be worth in eight years if the dividends paid are qualified dividends? b. What will her investment be worth in eight years if the dividends are nonqualified? (For all requirements, do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) Answer is not complete. a $ 53,6373 Investment worth when dividends are qualified Investment worth when dividends are nonqualified b Hayley recently invested $34.000 in a public utility stock paying a 8 percent annual dividend. (Hayley's marginal income tax rate is 32 percent) Use Tax Rate Schedule. Dividends and Capital Gains Tax Rates for reference Required: o. If Hayley reinvests the annual dividend she receives net of any taxes owed on the dividend, how much will her investment be worth in eight years if the dividends paid are qualified dividends? b. What will her investment be worth in eight years if the dividends are nonqualified? (For all requirements, do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) Answer is not complete. a $ 53,6373 Investment worth when dividends are qualified Investment worth when dividends are nonqualified b