The amount that is got as an interest income from a corporate bond will be taxable under the income tax. So $1150 will be taxable in the given case.
<h3>What is the income tax?</h3>
The income tax is defined as a direct tax which is collected from the assesses directly on the total income he earned. It is clearly defined under the act that the Federal and state taxes are paid on the interest earned on a corporate bond.
In this case, Hestia's parents claim her as a dependent, since she is 17 years old. Hestia received $1,150 in interest from a corporate bond she owns in 2021. Then as per the income tax act, $1,150 would be taxable.
Learn more about the income tax, refer to;
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20+ .05(t-300) = c
The equation includes the basic charge or $20 that is not dependent upon anything. Then the equation has you determine how many minutes will be charged by subtracting the 300 provided minutes from t. t represents the total number of minutes. Once the subtraction is completed, you will multiply the number of minutes by the 5 cents (,05), adding in the 20 for total cost for the month.
No. Instead of promoting an existing manager, look for someone with an equal or higher level of knowledge for the certain position. this gives you a wider variety of options and more voices of opinion for new possible leadership ideas :) hope this helps
Answer: Both the State and local governments
Explanation: The State and Local Governments prepare both entity wide and fund financial statements.
The entity wide and fund financial statements consist of the statement of net assets and Statement of activities. That is its information is based on the funds the Government has and what the funds are used for.
This is different from the private organisations financial statement as they present every thing necessary about the organisation which includes statement of profit and Loss and Balance sheet.
The State and Local Government do not prepare Profit or loss account as the government funds generally have a short-term perspective.
The correct answer is letter C, J<span>apanese banks pay interest on checking accounts. In Japan, banks are not willing to pay a high rate of interest. This is the reason why people who use their credit cards or other savings account they get charged extra for interest. </span>
