A single taxpayer provided the following information for 2017: 
What is taxable income?
Definitions:
Information Content Effect
A market phenomenon where stock prices adjust in response to the news contained in a company announcement, suggesting the news has value for investors’ decisions.
Dividend Payout
The segment of a company's income that is given to shareholders in dividends.
Residual Dividend
A policy whereby a company pays dividends to its shareholders from the residual or leftover equity once all operational and capital expenditure needs are met.
Information Content
The value or significance of a piece of information, especially in terms of its utility in influencing decisions or behaviors in financial markets.
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