lavaris and Jayla own IBM stock and received $4,200 in qualified dividends in 2022. They are retired and have taxable income of $128,500. How are their dividends taxed? O a. The qualified dividends are taxed at 20%. Ob. The qualified dividends are not included on their return. Oc. The qualified dividends are taxed at 15%. Od. The qualified dividends are taxed at 0%.
lavaris and Jayla own IBM stock and received $4,200 in qualified dividends in 2022. They are retired and have taxable income of $128,500. How are their dividends taxed? O a. The qualified dividends are taxed at 20%. Ob. The qualified dividends are not included on their return. Oc. The qualified dividends are taxed at 15%. Od. The qualified dividends are taxed at 0%.
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter17: Business Tax Credits And The Alternative Minimum Tax
Section: Chapter Questions
Problem 35P
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Transcribed Image Text:Javaris and Jayla own IBM stock and received $4,200 in qualified dividends in 2022. They are retired and have taxable income of $128,500. How are their dividends taxed?
O a. The qualified dividends are taxed at 20%.
O b. The qualified dividends are not included on their return.
O c. The qualified dividends are taxed at 15%.
Od. The qualified dividends are taxed at 0%.
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