ABC Inc. owns 500 shares of preferred stock in XYZ Inc. Browning pays a quarterly dividend of $2.25 a share. ABC receives annual dividend income from XYZ in the amount of _________, of which at least _________ is exempt from income taxation
A) $4,500; $0
B) $4,500; $1,000
C) $4,500; $4,500
D) $1,125; $0
E) $1,125; $1,000
Correct Answer:
Verified
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