Indicate the amount to be included in net income

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Question - Dakotah received the following dividends in 2019:

An eligible dividend of $4,000

A non-eligible dividend of $1,500

A dividend of $850 from a foreign corporation, net of $150 of foreign tax withheld

A stock dividend of 100 shares; the paid-up capital of the corporation was increased by $10 for each share issued, and the issuing company is a public company

A capital dividend of $2,000

Required - Indicate the amount to be included in net income for tax purposes in respect of each of the dividends received by Dakotah in 2019.

Reference no: EM132840068

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