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In 2016, 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 U.S. 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
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