Multiple Choice
Harrison received a qualified dividend. Without knowing any additional facts, which of the following statements is true regarding the rate at which the dividend will be taxed to Harrison?
A) The dividend will be taxed at a 15 percent tax rate.
B) The dividend will be taxed at a 20percent tax rate.
C) The entire dividend will be taxed at 15percent or the entire dividend will be taxed at 20percent, depending on Harrison's marginal ordinary income tax rate.
D) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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