Answer: D. The investor has no tax liability on distributions received, and the investment company has no tax liability on retained income
Explanation:
Municipal Securities are exempt of Federal taxes and this is what makes them most attractive. An investor in a mutual fund which invests solely in municipal securities will therefore not have any tax liability because their returns would be based on securities that are federally tax exempt. The same goes for any income the Mutual fund intends to retain.
Answer:
$720.25
Explanation:
Given data:
Lana salary per hour = $18.15
total hour of work by her is 39 hr 41 minutes
we know from hundredth hour pay method
hundredth hr for 41 mints is 
so we have 39 hrs 41 minutes that can be written as = 39.6833
So, salary for 39.6833 is 
Answer: New-product strategy
Explanation:
Based on the information given in the question, Sarah and her team were at the new product strategy stage of the new product development process.
This is a strategy that is used to develop a new product. The strategy helps to answer questions such as who will benefit from the products, the goals of the company and other necessary details.
Answer:
The correct answer is A.
All other things being equal, in the early years of the asset's life, the amount of income shown <u>on the tax return will be higher than the amount of income shown on the income state.</u>
Here's why
Explanation:
In the United States, the Modified Accelerated Cost Recovery System (MACRS) is a depreciation system used for tax purposes.
It allows the capitalized cost of an asset to be recovered over a specified period via annual deductions. The MACRS system puts fixed assets into classes that have set depreciation periods.
This depreciation system allows an asset to be depreciated faster in the first years of an asset's life and slows depreciation later on. This is beneficial to businesses from a tax perspective.
This is logical, the less the value of an assets, the less the property tax applicable to it and so the company increases it's bottom line in tax savings whiles maximizing the useful life of the asset.
Cheers!
Answer:
Benefit is $3526
Explanation:
In order to obtain earned credit, the following requirements should be managed to meet:
1) interest income must be 3600 or even less.
(2) Total income for sole dependents must be 41,094 or fewer.
3) In such a situation, the full amount of taxable income credit shall be $3,526.
Because all earned income and gross income are below the latter cap ($41,094) in that case, the full taxable income benefit is $3526.
