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Anastasy [175]
3 years ago
13

A resident of Minnesota is in the 28% federal tax bracket and the 4% state tax bracket. This person must pay both federal and st

ate taxes on:A) Federal National Mortgage Association pass-throughsB) Minneapolis Housing Auth bondsC) Federal Home Loan Bank notesD) Treasury Bills
Business
1 answer:
vredina [299]3 years ago
4 0

Answer: A) Federal National Mortgage Association pass-throughs.

Explanation:

From the question, we are informed that a resident of Minnesota is in the 28% federal tax bracket and the 4% state tax bracket. This person must pay both federal and state taxes on Federal National Mortgage Association pass-throughs.

It should be noted that the securities of most government agencies in the United States are typically exempted from paying the local and state taxes but they have to pay federal taxes.

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The break-even point measured in sales dollars is $8

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3 years ago
Below are various states of financial distress: 1. defaulting on a principal payment on debt 2. restructuring debt 3. liquidatin
anastassius [24]
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8 0
3 years ago
The two most common forms of representative participation are ________ and board representatives. employee unions work councils
11111nata11111 [884]

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The correct answer is B) work councils.

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6 0
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3 years ago
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