how much is taxes are owed to the IRS on 95,000 collected annually from preferred stock dividends? Only income

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how much is taxes are owed to the IRS on 95,000 collected annually from preferred stock dividends? Only income

2007-11-13 11:41:34 · 2 answers · asked by ferk12 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

That would depend on your filing status and number of dependents.

But if you were single and you had $95,000 in adjusted gross income it would be about $20,925

2007-11-13 11:48:28 · answer #1 · answered by don_sv_az 7 · 0⤊ 0⤋

That would depend on whether they are qualified dividends or not, and on your filing status, number of dependents if any, and any other deductions or adjustments.

2007-11-13 21:39:41 · answer #2 · answered by Judy 7 · 0⤊ 0⤋