Hal_Al
Level 15

Get your taxes done using TurboTax

Yes. The all the dividend income is included in your gross income ($83,500 in your example), your adjusted gross income and your taxable income (line 43 of form 1040 or line 27 of form 1040A).
Because you have Qualified dividends (and/or long term capital gains), you cannot just look up your taxable income in the tax table, to determine your tax. You must use the Qualified dividends and capital gains worksheet