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Determine the Amount of Taxable Dividend,return of Capital,and Capital Gain

question 8

Essay

Determine the amount of taxable dividend,return of capital,and capital gain in each of the following independent cases.
a.Corporate earnings and profits of $100,000;stockholder basis in stock of $60,000;distribution of $20,000.
b.Corporate earnings and profits of $25,000;stockholder basis in stock of $40,000;distribution of $70,000.
c.Corporate earnings and profits of $300,000;stockholder basis in stock of $450,000;distribution of $350,000.


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