How much tax will he pay on the dividends

Assignment Help Accounting Basics
Reference no: EM131808810

Question - In 2017, George Ryder receives $1,000 of dividends from a diversified mutual fund he has owned for several years. Of the $1,000 in dividends, 80% is allocated to dividends paid to the mutual fund by US Corporations. The 20% balance is allocated to interest paid on the mutual fund's corporate bond holdings. George is in the 35% tax bracket. How much tax will he pay on the $1,000 of dividends?

a. $150

b. $190

c. $200

d. $350

Reference no: EM131808810

Questions Cloud

Strategies used to negotiate new managed care contracts : Analyze the strategies used to negotiate new managed care contracts. Support your analysis with research.
Explain what is implied by highly statistically significant : Why do firms change ownership? One possible reason for acquisitions is that the new owners expect to be able to manage the operations more efficiently.
Capture all of the information required : How do we make sure that we actually listed to our customers as we communicate and that we capture all of the information required to allow us to address their
Explain the importance of establishing ground rules : Explain the importance of establishing ground rules and respecting cultures amongst team members.
How much tax will he pay on the dividends : he 20% balance is allocated to interest paid on the mutual fund's corporate bond holdings. How much tax will he pay on the $1,000 of dividends
What are ways the performance management process : What are ways the performance management process could be improved?
Cause of conflict in cross-cultural teams : Violated expectations are often the cause of conflict in cross-cultural teams due to the result of different cultural rules.
Students must pass the individual components of the course : Students must pass the individual components of the course in order to pass the course
Children with working mothers : A random sample of 57 children with working mothers showed that they were absent from school an average of 5.3 days per term with a standard deviation

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd