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  3. required b please. mc and mrs. lay's taxable i

Required B please. Mc and Mrs. Lay's taxable income is $679,000,...

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Accounting

Required B please.
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Mc and Mrs. Lay's taxable income is $679,000, which includes a $22030 dividend on their irvestment in Rexford Mutual Fund Mc and Mis. Lay's marginal rate on ordinary income is 37 percent, and their entire Rexford dividend is subject to the Medicare contribution tax. Use Individual tax tate schedules and Tax rates tor capitalgains and qualified dividends: Required: 0. Compute the Lays' total tax on this dividend if their. Form 1099 from Rexford reported that the entire $22.030 was an ordinary dividend b. Compute the Lays' total tax on this dividend if their Form 1099 from Rextord reported that $17,540 was an ordinary dividend and $4,490 was a capital gain distribution c. Compute the Lays' total tax on this dividend if their Form 1099 from Rexdord reported that $6,920 was an ordinary dividend, $10,620 was a qualified dividend distribution, and $4,490 was a capital gain distribution Complete this question by entering your answers in the tabs below. Compute the Lays" total tax on Uis divdend if their form 1099 from Rexord reported that $17,540 was an ordinary dividend and s4,490 was a capital gain distribution Note Nound youe intermediate calculatlons and final ainwers to the nuareit whole dollar amount

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