SIE Exam Question 294: Answer and Explanation

Question: 294

All qualified dividends for ordinary income earners are:

  • A. Tax-free income.
  • B. Taxed as ordinary income each year.
  • C. Taxed at a set rate of 15%.
  • D. Taxed as special interest-free income.

Correct Answer: C

Explanation:

C: All qualified dividends received by ordinary income earners are taxed at a rate of 15% for the year in which they were received.

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