Cash payments made to investors (except for extremely high earners) from which of the following investments are subject to the lower 15% maximum tax rate?
i. common stocksii. preferred stocksiii. convertible bondsiv. non-convertible bonds

II. Preferred Stocks

Explanation:

Preferred Stocks are those stocks who have preferential rights with respect to principal repayment and dividend payments over common stocks but are devoid of voting rights.

Often, higher dividend is paid on preferred stock than on common stock.

Generally, dividend paid on preferred stock falls under the category of ordinary dividend.

Except for investors of higher tax bracket, preferred stock holders are subject to a lower 15% maximum tax rate.

Extrinsic means that you are being notivated by things that you love eg the money and nice cars
Intrinsic means the opposite of extrinsic. The money and nice cars do not really motivate you and is outside your passion. You do the job because you love to.