Cities are municipal corporations that operate under C. Charters from the state.
Answer:
B. The primary advantage to municipal bonds is that interest income received is not taxed by the federal government.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.
A municipal bond can be defined as a type of bond that is typically issued by a municipality, county, local government or state in order to finance or sponsor capital expenditures for the public such as water supply, construction of roads, etc.
Hence, the primary advantage to municipal bonds is that interest income received on this type of bond is not taxed by the federal government.
We let x be the amount of vacation benefit expense that has to be recorded for the month of July.
The equation that allows us to answer this question is,
x = (32 employees) x ($107 / employees)
x = $3,424
The amount of vacation benefit expense to be recorded for the month of July is equal to $3,424.
Answer:
Criminal justice is the delivery of justice to those who have committed crimes.
