What tax consequence the dividend distribution

Reference no: EM133541743

Question: Mighty Corp. was dissolved and liquidating dividends were declared and paid to the individual stockholders. What tax consequence follows the dividend distribution? The dividends declared are subject to a final tax of 10% The dividends are exempt from income tax The dividends are subiect to a creditable withholding tax of 10% The dividends, net of capital, are subject to ordinary income tax under the graduated tax table

Reference no: EM133541743

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