Darlene owns stock in several different companies. When she received a dividend check from her Avatar stock, she endorsed the checks and deposited the money in her daughter's checking account. Consequently, her daughter will be assessed the tax on the dividends.

1. True

2. false:

Question

Kyle Hancock

Business

13 November, 17:15

Darlene owns stock in several different companies. When she received a dividend check from her Avatar stock, she endorsed the checks and deposited the money in her daughter's checking account. Consequently, her daughter will be assessed the tax on the dividends.

1. True

2. false:

+2

Answers (1)

Know the Answer?

Chace Travis · Answer 1

The answer is False

Explanation:

Darlene will be the one assessed tax on dividends, tax if charged in daughter's account will result in double taxing

Darlene owns stock in several different companies. When she received a dividend check from her Avatar stock, she endorsed the checks and deposited the money in her daughter's checking account. Consequently, her daughter will be assessed the tax on the dividends.1. True2. false:

Darlene owns stock in several different companies. When she received a dividend check from her Avatar stock, she endorsed the checks and deposited the money in her daughter's checking account. Consequently, her daughter will be assessed the tax on the dividends.

1. True

2. false: