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kramer
3 years ago
7

Mrs. Jones owns stock from which she received $3,000 in cash dividends. Mr. Jones owns stock from which he received $400 in cash

dividends. How much of the cash dividends received are Mr. and Mrs. Jones liable for when filing their joint return?
Business
1 answer:
Nookie1986 [14]3 years ago
5 0

Answer:

$3,400

Explanation:

Calculation for How much of the cash dividends received are Mr. and Mrs. Jones liable for

Cash dividends received=Cash Dividend+ Cash Dividend

Cash dividends received=$3,000+$400

Cash dividends received=$3,400

Therefore the amount of the cash dividends received are Mr. and Mrs. Jones liable for when filing their joint return is $3,400 reason been that Cash dividends received by a person or an individual are totally taxable which is why the total amount of $3,400 was liable for taxes.

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