Harrison Received a Qualified Dividend

question 117

Multiple Choice

Harrison received a qualified dividend.Without knowing any additional facts,which of the following statements is true regarding the rate at which the dividend will be taxed to Harrison?

• A)The dividend will be taxed at a 15% tax rate.
• B)The dividend will be taxed at a 20% tax rate.
• C)The entire dividend will be taxed at either 15% or the entire dividend will be taxed at 20% depending on Harrison's marginal ordinary income tax rate.
• D)None of the choices are correct.