Business
Business, 16.03.2020 21:24, lagster11

Mr. and Mrs. Lay’s taxable income is $680,600, which includes a $22,190 dividend on their investment in Rexford Mutual Fund. Mr. and Mrs. Lay’s marginal rate on ordinary income is 37 percent, and their entire Rexford dividend is subject to the Medicare contribution tax. Use Individual tax rate schedules and Tax rates for capital gains and qualified dividends. Compute the Lays' total tax on this dividend if their Form 1099 from Rexford reported that the entire $22,190 was an ordinary dividend. Compute the Lays' total tax on this dividend if their Form 1099 from Rexford reported that $17,670 was an ordinary dividend and $4,520 was a capital gain distribution. Compute the Lays' total tax on this dividend if their Form 1099 from Rexford reported that $7,150 was an ordinary dividend, $10,780 was a qualified dividend distribution, and $4,260 was a capital gain distribution.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 20:30, 7841784
Which of the following mechanisms would be most likely to motivate managers to act in the best interests of shareholders? a) decrease the use of restrictive covenants in bond agreements, b) take actions that reduce the possibility of a hostile takeover, c) elect a board of directors that allows managers greater freedom of action, d) increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries, e) eliminate a requirement that members of the board directors have a substantial investment in the firm's stocks
Answers: 2
image
Business, 22.06.2019 13:00, dolltan
Creation landscaping has 1,000 bonds outstanding that are selling for $1,280 each. the company also has 2,000 shares of preferred stock outstanding, currently priced at $27.20 a share. the common stock is priced at $37.00 a share and there are 28,000 shares outstanding. what is the weight of the debt as it relates to the firm's weighted average cost of capital?
Answers: 1
image
Business, 23.06.2019 01:10, DarcieMATHlin6217
Match the steps for conducting an informational interview with the task involved in each step or its purpose. 1. research your chosen career field. 2. identify someone to interview. 3. prepare for the interview. 4. conduct the informational interview. 5. follow up with your interviewer. a. learn more about a company that interests you. b. encourage the interviewer to do most of the talking while you take notes. c. write a handwritten -you letter to express that you want to stay in touch. d. make contact through email, a phone call, or mail to arrange the meeting. e. choose a conservative, professional ensemble to wear.
Answers: 3
image
Business, 23.06.2019 15:30, bward04
When filling out paperwork after you've been hired, you must have a: a. hiring sheetb. driver's licensec. social security numberd. copy of your transcript
Answers: 1
Do you know the correct answer?
Mr. and Mrs. Lay’s taxable income is $680,600, which includes a $22,190 dividend on their investment...

Questions in other subjects: