1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
trapecia [35]
3 years ago
9

Ken and lynn paid $5,000 to purchase series ee bonds in the name of their​ 11-year-old son. The son has no other​ income, and th

ey are in the 24​% tax bracket. The taxable interest this year will be $400 if an election is made to accrue the interest on an annual basis.
a. Will the child owe any tax on the​ bond?
Business
1 answer:
Marina CMI [18]3 years ago
6 0

Answer: No. The child will not owe.any tax on the bond.

Explanation:

Series EE savings bonds are simply low-risk savings products which typically pay interest until the bonds either each 30 years or the owner of the we bonds cash them. Anyone that comes first between the two is done.

Based on the scenario above, the child doesn't owe any tax on the bond. This is because the child has no income and he's still 11 years and shouldn't be taxed.

You might be interested in
William Welsh, a former Air Force pilot, decides to operate a helicopter tour company to provide customers with breathtaking vie
vekshin1

Answer:

labor

Explanation:

There are four factors of production; land, labor, capital and entrepreneurship:

  • William is the entrepreneur,
  • Capital accounts for the helicopters, facilities and the advertisement.
  • Land in this case is the plot of land where the business will be located.
  • But who will fly the helicopters and perform maintenance operations? Who will sell the tours and perform administrative tasks? William will not fly the 5 helicopters himself, perform maintenance operations and sell the tours.

8 0
3 years ago
Read 2 more answers
With his parents' permission, David, a ten-year-old, purchased a plastic snow sled from Kmart. He went sledding, lost control, h
Nata [24]

Answer:

The Kmart was held by the court not liable because David assumed the risks of sledding.

Explanation:

Negligent actions are those actions that come under the rubric of tort actions. To prove negligent actions against a person or a company, the plaintiff is required to prove four things in court– duty, breach, causation, and damages.

In the given case, the court will not be held Kmart liable because David (the consumer) was aware of the risks involved in the sledding. Therefore, the case of negligent actions is not applicable for Kmart.

5 0
2 years ago
The passage is primarily concerned with(A) evaluating a method used to test a particular scientific hypothesis(B) discussing exp
oksian1 [2.3K]

Answer:

The correct answer is (B) discussing explanations for an unexpected scientific finding.

Explanation:

A serendipity is a discovery or a fortunate, valuable and unexpected finding that occurs accidentally, by chance or by destination, or when a different thing is being sought. It can also refer to the ability of a subject to recognize that he has made an important discovery even if it is not related to what he is looking for. Serendipities are frequent in the history of science. There are also cases of serendipity in literary works, when an author writes about something he has imagined and is not known in his time, and it is subsequently shown that this exists as defined by the writer, with the same details. It should not be confused with anticipation or science fiction, where much more generic inventions are advanced than almost everyone thinks they will probably exist one day.

6 0
3 years ago
Larger vehicles tend to have longer stopping distances than other vehicles because ____
kondaur [170]
<span>Larger vehicles tend to have longer stopping distances than other vehicles because they weigh more. Vehicles that way more take more time to slow down when traveling at the same speed as a vehicle that weighs less. For this reason, they take more time to slow down and need a larger stopping distance. </span>
3 0
3 years ago
In order to calculate Debtors Collection Period, should I include non current and current trade receivables?​
ivolga24 [154]
You cause look this up on google
6 0
3 years ago
Other questions:
  • Laura is 8; her performance on a series of tasks is equivalent to that of the average 10-year-old. her intelligence quotient is:
    9·1 answer
  • How much tax is taken out of a mcdonalds paycheck?
    8·2 answers
  • What skills will you need to work effectively in (a) a learning organization, and (b) a high-involvement organization? Be specif
    9·1 answer
  • Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of
    14·1 answer
  • You place half your wealth into tivo stock and the other half into intel bonds. tivo stock's beta = 1.2 and intel bonds' beta is
    12·1 answer
  • What is 25 x 5? please help i cant do?
    7·1 answer
  • Zoe runs a flower shop. She recently made some changes so that one employee answers phones and completes the order and payment p
    15·1 answer
  • Nae Nae Killua (( lol idek just bored ))
    5·2 answers
  • Based on this income statement for Company ZYX for the year ending December 31, 2014, what adjustment would need to be made to N
    13·1 answer
  • justify your answer by explaining how the weighted average cost of capital for the company would change if clark uses bank debt
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!