Which of the following statements is true Multiple Choice Qualified dividend income is taxed at a lower rate than an equal amount of ordinary income Income character determines the tax year in which the income is taxed Income character depends on the taxpayer's filing status A taxpayer selling a capital asset at a gain recognizes ordinary income Joanna received $60,000 compensation from her employer, the value of her stock in ABC company appreciated by $5,000 during the year (but she did not sell any of the stock), and she received $30,000 of life insurance proceeds from the death of her husband What is the amount of Joanna's gross income from these items Multiple Choice $60,000 $65,000 $95,000 $90,000 The constructive receipt doctrine Multiple Choice is particularly restrictive for accrual basis taxpayers causes income to be recognized before it is actually received causes income to be recognized after it is actually received applies equally to income and expenses None of the choices are correct Which of the following statements is true Multiple Choice Qualified dividend income is taxed at a lower rate than an equal amount of ordinary income Income character determines the tax year in which the income is taxed Income character depends on the taxpayer's filing status A taxpayer selling a capital asset at a gain recognizes ordinary income

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Which of the following statements is true? Multiple Choice Qualified dividend income is taxed at a lower rate than an equal amount of ordinary income.

Which of the following statements is true?

Multiple Choice

Qualified dividend income is taxed at a lower rate than an equal amount of ordinary income.
Income character determines the tax year in which the income is taxed.
Income character depends on the taxpayer's filing status.
A taxpayer selling a capital asset at a gain recognizes ordinary income.

Joanna received $60,000 compensation from her employer, the value of her stock in ABC company appreciated by $5,000 during the year (but she did not sell any of the stock), and she received $30,000 of life insurance proceeds from the death of her husband. What is the amount of Joanna's gross income from these items?

Multiple Choice

$60,000
$65,000
$95,000
$90,000

The constructive receipt doctrine:

Multiple Choice

is particularly restrictive for accrual-basis taxpayers.
causes income to be recognized before it is actually received.
causes income to be recognized after it is actually received.
applies equally to income and expenses.
None of the choices are correct.

Which of the following statements is true?

Multiple Choice

Qualified dividend income is taxed at a lower rate than an equal amount of ordinary income.
Income character determines the tax year in which the income is taxed.
Income character depends on the taxpayer's filing status.
A taxpayer selling a capital asset at a gain recognizes ordinary income.