Question

for individuals in the 10% and 15% brackets in 2017, the income from qualified dividends will...

for individuals in the 10% and 15% brackets in 2017, the income from qualified dividends will be taxed at

Homework Answers

Answer #1

Income from qualified dividends will be taxed at 0% in case of 10% tax bracket.

Income from qualified dividends will be taxed at 0% in case of 15% tax bracket.

Explanation;

Followings is the tax rate for qualified dividends and non-qualified dividends in 2017 for individuals;

Tax Bracket

Qualified dividends

Non-qualified dividends

10%

0%

10%

15%

0%

15%

Thus it is clear that qualified dividends have 0% tax rate under tax bracket of 10% and 15%.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
unfavorable aspects of tax deferred qualified plans include which of the following? A) they can effectively...
unfavorable aspects of tax deferred qualified plans include which of the following? A) they can effectively convert what would otherwise be higher taxed capital gains (or qualified dividends) into lower taxed ordinary income B) They are exempt from the required minimum distribution (RMD) rules C) They can effectively convert what would otherwise be lower taxed long term capital gains (for qualified dividends) into higher taxed ordinary income D) Money cannot be withdrawn before age 70 1/2
For 2017, Marian Nowacki, who is unmarried, had a taxable income of $140,000. Her regular tax...
For 2017, Marian Nowacki, who is unmarried, had a taxable income of $140,000. Her regular tax is $32,181.75, her alternative minimum taxable income is $185,300 (including $20,000 of qualified dividends and long term capital gains, none of which is collectibles gain, taxed at $3,000), and her exemption amount (after the phase out) is $38,150. She has no regular or alternative minimum tax foreign tax credit. Does she owe any alternative minimum tax? If so, how much?
» Assume that corporate income tax rates for 2017 are: 15% of the first $50,000 of...
» Assume that corporate income tax rates for 2017 are: 15% of the first $50,000 of income, plus 25% of the next $25,000, plus 34% of the next $25,000, plus 39% of the next $235,000. The remaining tax brackets are not listed because they aren’t applicable to Waren’s level of pre-tax income. General ledger account numbers for the journal entry are: #40700 (Federal income tax expense) and #20700 (Federal income taxes payable). What is the dollar amount of the year-end...
Which of the following statements is CORRECT? a. Since companies can deduct dividends paid but not...
Which of the following statements is CORRECT? a. Since companies can deduct dividends paid but not interest paid, our tax system favors the use of equity financing over debt financing, and this causes companies' debt ratios to be lower than they would be if interest and dividends were both deductible. b. The maximum federal tax rate on corporate income in 2015 was 50%. c. Interest paid to an individual is counted as income for federal tax purposes and taxed at...
Corporate dividends are: A. taxable income of the recipient even though that income was previously taxed....
Corporate dividends are: A. taxable income of the recipient even though that income was previously taxed. B. tax-free since the corporation pays tax on that income when it is earned. C. tax-free because they are distributions of aftertax income. tax-free because the income is taxed at the personal level when earned by the firm. D. taxed at both the corporate and the personal level when the dividends are paid to shareholders.
In 2017, Parvifolia, Inc. had $403,000 of revenue from operations and $160,000 of dividends from non-affiliated...
In 2017, Parvifolia, Inc. had $403,000 of revenue from operations and $160,000 of dividends from non-affiliated 15-percent-owned domestic corporations. The corporation's operating expenses totaled $410,000. What is Parvifolia, Inc.'s dividends received deduction for 2017? 1. $105,000 2. $112,000 3. $107,100 4. $128,500
(Flow Through Of Dividend Income) As the result of receiving a substantial inheritance from an uncle,...
(Flow Through Of Dividend Income) As the result of receiving a substantial inheritance from an uncle, Ms. Karen Fallow has $400,000 in funds to invest. On January 1, 2017, she intends to invest these funds in preferred shares that feature a cumulative dividend of 3.75 percent. These dividends will be designated by the payor as eligible. Because of income generated by her unincorporated business, she is in the maximum federal tax bracket of 33 percent. Her province uses the same...
Ecker Company reports $1,825,000 of net income for 2017 and declares $255,500 of cash dividends on...
Ecker Company reports $1,825,000 of net income for 2017 and declares $255,500 of cash dividends on its preferred stock for 2017. At the end of 2017, the company had 400,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders for 2017? 2. What is the company’s basic EPS for 2017?
Dividends taxed as ordinary income are considered investment income for purposes of the investment interest expense...
Dividends taxed as ordinary income are considered investment income for purposes of the investment interest expense limitation. T True False
(Superannuation lump sum and income stream) On 14 August 2017, Tammy Gochi, aged 53, retired from...
(Superannuation lump sum and income stream) On 14 August 2017, Tammy Gochi, aged 53, retired from her job as chief executive officer of Megacorp Limited to commence service as a volunteer for Whalepeace International. She received a superannuation lump sum of $160,000 which entirely comprised an element taxed in the fund. PAYG tax of $34,500 was withheld from the lump sum. During the remainder of the 2017/18 tax year, Tammy also received a superannuation income stream benefit of $40,000 from...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT