Which of the following statements with respect to dividends is NOT correct?
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- Qualified dividends are taxed for individual stockholders Seleccione una: a. at the corporate tax rate b. at the super secret dividend tax rate. C. at the capital gains tax rate d. as normal incomeWhich of the following is true concerning dividends? a. Foreign dividends are included in income at their pre-withholding-tax amounts for tax purposes. b. Dividends received from a CCPC's business income that is not subject to the small business deduction are typically grossed-up to include 115% of the dividend. c. Dividends received a CCPC's business income that is subject to the small business deduction are typically grossed-up to include 138% of the dividend. d. Eligible dividends require a 115% gross up.With respect to the gross up and tax credit procedures applicable to dividends from taxable Canadian corporations, which of the following statements is NOT correct? 1. The gross up is intended to adjust the taxable amount of the dividend to the pre-tax amount that was required at the corporate level in order to pay the dividend. 2. The federal dividend tax credit is the same regardless of corporation it is received from. 3.The amount of the gross up depends on whether the dividend is eligible or non-eligible. 4. The dividend tax credit is intended to compensate the shareholder for the taxes that were paid at the corporate level
- 19. Which of the following statements are true? a. Qualified dividends are part of the total ordinary dividends. b. Qualified dividends qualify for lower, long- term capital gains tax rates. c. Qualified dividends are reported on Form 1099-DIV. d. All of the above.1. What is a dividend distribution?What two IRS Code Sections generally applies to dividends? Give Code Sections ____________ When are dividends considered Ordinary Income? Give Code Section _______________When are dividends considered a Return of Capital? Give Code Section _______________ When are dividends considered Capital Gain? Give Code Section _______________Dividends received by a domestic corporation from shares in another domestic corporation are exempt from income tax. Group of answer choices True False
- Which of the following statements best describes the purpose of the dividend refund? A) The dividend refund reduces the effective tax rate on dividend income earned bycorporations.B) The dividend refund allows corporations with a balance in their capital dividend account toreduce their tax payable by paying dividends.C) The dividend refund reduces the effective tax rate on dividend income earned byshareholders.D) The dividend refund allows corporations with a balance in their RDTOH accounts to reducetheir tax payable by paying dividends.Ww.203. The federal dividend tax credit cannot be claimed if you receive: Eligible dividends. Non-eligible dividends. Stock dividends. Foreign dividendsIndicate whether the following statements are true or false. If the statementis false, explain why.d. The Tax Code encourages companies to pay a large percentage of theirnet income in the form of dividends.
- Which of the following statements in relation to the taxation treatment of unfranked distributions from Australian shares is most correct? A.Unfranked dividends are taxed as normal income and no imputation credits apply B.Unfranked dividends have tax paid at the company rate prior to their distribution to individual shareholders C.Unfranked dividends are tax-free to the investor D.The taxpayer receives the value of franking credits whether they receive the dividends as cash or as extra shares through a dividend re-investment pWhich of the following are correct statements concerning corporate dividends? a. Dividends are legal liability of a corporation to its shareholders b. Dividends paid by a corporation to another corporation receive preferential tax treatment (minimum 70% exclusion from taxable income) c. Dividends are generally paid to the shareholders before the payment of interests to the bondholders d. Dividends payments are considered tax deductible expense while interest payments are not1. Gain on sale of shares of domestic corporation directly sold to a buyer is subject to what kind of tax? * a. Basic Income Tax (BIT) b. Capital Gains Tax (CGT) c. 8% Preferential Tax d. Real Property Tax (Local Tax) e. None of the abovementioned choices 2. Gain on sale of an unlisted shares from a non-listed Domestic Corporation is subject to what kind of tax? a. Basic Income Tax (BIT) b. Capital Gains Tax (CGT) c. 8% Preferential Tax d. Real Property Tax (Local Tax) e. None of the abovementioned choices 3. Gain on sale of shares of a closely-held corporation is subject to what kind of tax? a. Basic Income Tax (BIT) b. Capital Gains Tax (CGT) c. 8% Preferential Tax d. Real Property Tax (Local Tax) e. None of the abovementioned choices
