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Mama L [17]
3 years ago
6

Don (67) and Carol (66) are married and file a joint return. Their gross income (including 1/2 of their social security) for 201

8 was $43,860. Up to ___ of their social security benefits may be taxable.
a. 100%
b. 85%
c. 50%
d. 0%
Business
1 answer:
grigory [225]3 years ago
7 0

Answer:

c. 50%

Explanation:

According to the Internal revenue service, if the joint return is filled with the income below $32,000 then no tax liability would arise

But if the income lies in between $32,000 to $44,000, 50% of the benefits is taxable and if the income exceeds to $44,000, 85% of the benefits are taxable  

Since in the question, the combined income is $43,860 that is below $44,000 so only 50% of heir social security benefits are taxable

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4 years ago
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The coupon rate is the rate of interest that the issuer of the bond must pay. (II) The coupon rate is usually fixed for the dura
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Answer:

TRUE

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LLY Corporation is planning to issue a $1,000 face value bond with a maturity of 30 years. The annual coupon rate is expected to
VladimirAG [237]

Answer:

$739.72 ≈  739.72

Explanation:

we can use an excel spreadsheet and the present value function to calculate the expected price of each bond ⇒ =PV(rate,nper,pmt,fv,[type])

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=PV(5%,60,36.25,1000) = -739.72 since excel calculates the initial investment, it is always negative, so we just change the sign.

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