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December 3, 2024
Question

I need to know what the income tax for a cash distribution payment of 8742.65 would be.

  • December 3, 2024
  • 1 reply
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    1 reply

    VolvoGirl
    Employee
    December 3, 2024

    What is it distributed from?   A taxable distribution is added to all your other income and taxed at your regular rate and may push you into a higher tax bracket.  Investments can be taxed differently like for long term capital gains.   Or are you asking about the default withholding taken out on it?