All categories

3 years ago

Interest received from which of the following federal agency securities is exempt from all state and local taxation?

Business

1 answer:

Neko [114]3 years ago

8 0

Answer: B. Treasury notes.

Explanation:

Treasury Notes are tax exempt from all state and local taxation but are taxable by the Federal Government with the relevant tax rate being the investor's marginal tax rate.

The amount taxed is the interest received on the note when it matures. The investor can also be taxed on capital gain if they bought the Note at discounted prices and then sold it for more than that.

You might be interested in

In the obsolescing bargain situation, bargaining power of the host country government will be stronger when the MNC has made lar

patriot [66]

Answer:

True

Explanation:

The obsolescing bargain is a model of interaction between a multinational enterprise and a host country government, which initially reach a bargain that favors the MNE but where, over time as the MNE's fixed assets in the country increase, the bargaining power shifts to the government

4 0

3 years ago

Market researchers often compute the “mean” or average of data collected. Wha is the mean income of the following three people s

zheka24 [161]

Answer: The mean income of the three people surveyed is $33,000.

The mean or average of a data set is nothing but the sum total of all the observations in a given set of data divided by the number of observations.

The formula for calculating the mean is:

$\mathbf{\overline{X} = \frac{X_{1}+X_{2}+X_{3}.....+X_{n}}{N} }$

where

$\overline{X}$ is the mean or average

X₁ , X₂, X₃ .......Xn refers to the observations

N is the total number of observations

Substituting the values in the formula for mean we get,

$\mathbf{\overline{X} = \frac{34000+44000+21000}{3}}$

$\mathbf{\overline{X} = \frac{99000}{3}}$

$\mathbf{\overline{X} = 33,000}$

7 0

3 years ago

explain the roles of directors of the company and the roles of auditors using the categories provided explain in three points ex

Fed [463]

Answer:

directors are the trustees of the company's money and property, and also act as agents in the transaction which they enter into on behalf of the company. Directors are liable as trustees for breach of trust, if they misapplied the funds or committed breach of byelaws of the company.

An auditor is an authorised personnel that reviews and verifies the accuracy of financial records and ensures that companies comply with tax norms. They primarily objective is to protect businesses from fraud, highlight any discrepancies in accounting methods, among other things.

4 0

2 years ago

Wal-Mart was one of the most successful firms of the 1970s and 1980s. Much of Wal-Mart's success can be credited to its expansio

enyata [817]

Answer:

The correct answer is letter "D": Wal-Mart employed a preemptive strategy.

Explanation:

Game Theory is a branch of Economy that studies the decisions in which an individual could succeed if he or she takes into account the decisions of the rest of the participants involved in the event. Game Theory has also been applied for subjects such as Mathematics, Managements, Psychology or even Biology.

In the game theory, the Preemptive Strategy is implemented when individuals take a step before other participants in an attempt of having a favorable outcome of the situation. They lead the event using creativity. Thus, Wal-Mart used the preemptive strategy by opening stores in small towns that supported only one discount store.

8 0

2 years ago

There are 8 kinds of sewing machine. Are all of them are used for constructing a garment? Why?

qaws [65]

No, they can be used for mechanical uses

5 0

2 years ago