Virginia gives her 14-year-old grandson tommy 10000 in


Virginia gives her 14-year-old grandson, Tommy, $10,000 in common stock. One month later, a $100 dividend is paid to Tommy on the stock. How much income is taxed to Tommy and how much is taxed to Virginia?

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Macroeconomics: Virginia gives her 14-year-old grandson tommy 10000 in
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