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What is the tax rate for qualified dividends?
What is the tax rate for qualified dividends?
- 10%, 20%, or 30%
- 0%, 15%, or 20% (correct)
- 5%, 10%, or 15%
- 25%, 30%, or 35%
How long must a payee own the stock to qualify for the qualified dividend rate?
How long must a payee own the stock to qualify for the qualified dividend rate?
- 30 days for common stock and 60 days for preferred stock
- 90 days for common stock and 120 days for preferred stock
- 60 days for common stock and 90 days for preferred stock (correct)
- 120 days for common stock and 150 days for preferred stock
Which form should qualified dividends be reported on?
Which form should qualified dividends be reported on?
- Form 1040, Schedule A, Line 1b
- Form 1040, Schedule B, Line 1b (correct)
- Form 1099-DIV, Dividends and Distributions, Box 1b
- Form 1099-INT, Interest Income, Box 1b
What is the taxable income threshold for married filing jointly or qualifying widow(er) to owe tax on qualified dividends?
What is the taxable income threshold for married filing jointly or qualifying widow(er) to owe tax on qualified dividends?
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What is the tax rate for qualified dividends if your taxable income is below the threshold?
What is the tax rate for qualified dividends if your taxable income is below the threshold?
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