INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

Short Answer

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
Distributions derived from dividends earned on a mutual fund's common stock holdings are [ subject to the preferential tax rate of 15% or 20% or less | taxed as ordinary income ].