Use the Information for the Question(s)below

question 12

Multiple Choice

Use the information for the question(s) below.
Consider the following tax rates: *The current tax rates are set to expire after 2025 unless Congress extends them.The tax rates shown are for financial assets held for one year.For assets held less than one year,capital gains are taxed at the ordinary income tax rate (currently 37% for the highest bracket) ;the same is true for dividends if the assets are held for less than 61 days.
-The effective dividend tax rate for a one-year individual investor in 1999 was closest to:

• A)0%.
• B)20%.
• C)25%.
• D)40%.

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Definitions:

Wright

Often associated with Frank Lloyd Wright, an American architect known for developing the distinct Prairie School of architecture.

Usonian Houses

A term coined by architect Frank Lloyd Wright to describe his vision for the United States of America, referring specifically to his design of affordable, practical homes.

Lower-Income

Referring to individuals or families that earn less revenue than the average in their society, often qualifying for certain types of government assistance.

O'Keeffe

An American artist, Georgia O'Keeffe, renowned for her large-format paintings of natural forms, especially flowers and landscapes.