Quiz 3c - Available A339/539 Quiz 03c Qualified Dividends...

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  Available: A339/539 Quiz 03c: Qualified Dividends 45 min    Points Possible  10  Points Earned  7  Points Missed  3  Points Ungraded  0  Score  70.0% 1. (T/F)  An individual’s dividend income from many corporations  qualifies for the 15% tax rate, but only if the individual holds the  stock for more than one year. Response: FALSE Answer: FALSE  Points: 1 / 1 2. (T/F)  A qualified dividend is taxed at the same rate as net  capital gain. Therefore, dividend income may allow greater  deductibility of capital losses than the $3,000 ordinary income  ceiling. Response: FALSE Answer: FALSE  Points: 1 / 1 3. (T/F)  Some dividends paid by foreign corporations qualify for  the capital gain rate. Response: TRUE Answer: TRUE  Points: 1 / 1 4. (T/F)  A taxpayer may elect to have any amount, up to 100%, of  qualified dividends taxed as ordinary income in order to offset  investment interest. Response: TRUE
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Quiz 3c - Available A339/539 Quiz 03c Qualified Dividends...

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