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There are three types of investment income an individual can receive: a) Interest Income b...

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Accounting

There are three types of investment income an individual can receive: a) Interest Income b ) Capital Gains c) Dividend Income . For each of these three types of income, answer the following four questions: 1, Tax paid are based on the marginal tax rate at: 100%, or 50%, or subject to calculation. 2, Income received requires that taxes be paid in the year received or payment in the year may be optional. 3. In calculating the taxes owing , the amount received is subject to a gross-up or not. 4. In calculating the taxes owing, the amount received is eligible to receive a tax credit or not. You can answer by indicating, for example, a2.

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