Natasha is a single taxpayer with a 28% marginal tax rate. She received distributions of earnings this year as follows: How much of the $6,000 distribution will be taxed at the 15% tax rate?

Question

Natasha is a single taxpayer with a 28% marginal tax rate. She received distributions of earnings this year as follows:  How much of the $6,000 distribution will be taxed at the 15% tax rate?

Quizplus · Accepted Answer

Dividends received from foreign corporations do not qualify for the reduced tax rate available to dividend income. Distributions from S corporations are generally not taxable.

Natasha Is a Single Taxpayer with a 28% Marginal Tax