During 2000, Lianne Majoro Received Income Dividends of $850 and Capital

question 26

Multiple Choice

During 2000, Lianne Majoro received income dividends of $850 and capital gain distributions of $540.The tax consequence is that

• A)both amounts must be included as taxable income.
• B)only the dividends are taxable.
• C)only the capital gains are taxable.
• D)both amounts are tax exempt.
• E)It is impossible to determine the tax consequences for dividend income and capital gain distributions unless the shares of the mutual fund are sold to another investor.

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Definitions:

Chemical Makeup

The composition of substances that forms a particular chemical compound or mixture.

Bloody Surfaces

Surfaces that have been contaminated with blood, often considered as a potential source of infection and requiring special cleaning procedures.

Sanitization

The process of cleaning and disinfecting a surface or area to remove contaminants, pathogens, and other hazardous substances to ensure health and safety standards are met.

Bleach

a chemical compound used to whiten or disinfect materials, often containing chlorine or peroxide.