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Mandy Is Subject to a Marginal Tax Rate of 24

Question 22

Multiple Choice

Mandy is subject to a marginal tax rate of 24%. She earned $400 in dividends from a taxable brokerage account last year. How much of the dividend income will Mandy pay in taxes?


A) $96
B) $80
C) $60
D) $0, because dividend income is tax exempt

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