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
NNADVOKAT [17]
2 years ago
11

Which of the statement(s) is correct? i. Corporations rarely pay tax on the interest income. ii. Higher tax bracket people tend

to buy municipal bond because it is federal tax exempt. iii. Short term capital gain and long-term capital gain are treated differently for individuals. iv. The corporate tax rates in the U.S. is one of the lowest among the developed nations. 6 A. i only B. ii only C. ii and iii D. iii and iv E. All the statements are correct
Business
1 answer:
Doss [256]2 years ago
5 0

Answer:

E. All the statements are correct

Explanation:

i. Corporations rarely pay tax on the interest income.

This statement is correct. Some companies do not even pay any income taxes.

ii. Higher tax bracket people tend to buy municipal bond because it is federal tax exempt.

Correct, people who have high incomes, and are subject to a high federal income tax rate often buy municipal bonds because these bonds are exempt from federal income tax.

iii. Short term capital gain and long-term capital gain are treated differently for individuals.

Correct. Short-term capital gains are those obtained from the sale of property that was owned for less than one year. This gains are often treated with the highest tax rate.

Long-term capital gains are those obtained from the sale of property that was owned for more than one year, and are treated with more favorable tax rates.

iv. The corporate tax rates in the U.S. is one of the lowest among the developed nations.

This statement is correct. The corporate tax rate in the U.S. is a nominal 21% (the effective rate can be as low as 0% for some companies). This is one of the lowest rates among developed nations, whose rates hover around 25 to 30% on average.

You might be interested in
Scobie Company began 2016 with a retained earnings balance of $142,400. During an examination of its accounting records on Decem
tino4ka555 [31]

The total retained earnings on 31st December 2016 is $197,100. The journal entry are attached below.

<h3>What is Retained Earnings?</h3>

Retained earning is basically the profits of the company which is kept aside to meet the future requirement of the company. It the amount which is left over after deducting all cost such as direct cost, indirect cost, income taxes and dividend.

The retained earning is used in the future projects or for buying the equipment for the company.

Learn more about retained earnings here:

brainly.com/question/14529006

#SPJ1

.

6 0
2 years ago
Which act requires that financial institutions must provide a privacy notice to each consumer that explains what data about the
Yakvenalex [24]

Answer:

Gramm–Leach–Bliley Act

Explanation:

The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, (enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. With the bipartisan passage of the Gramm–Leach–Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate. Furthermore, it failed to give to the SEC or any other financial regulatory agency the authority to regulate large investment bank holding companies. The legislation was signed into law by President Bill Clinton.

5 0
2 years ago
What influence tactic depends on the strength of the friendship and between the influencers and the target?
Nutka1998 [239]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
I think the answer should be "Personal appeals". It is a<span>n influence tactic in which the requestor asks for something based on personal friendship or loyalty</span>

3 0
3 years ago
Refused Furniture. Selina arranges to sell furniture from her furniture store to Roland for $3,000. Roland was supposed to give
Tanya [424]

Answer:B. She is entitled to recover the damages if she can show that Roland agreed to pay such damages in his contract with her.

Explanation:

The non payment of the N500 installment by Roland constitute a breach of the sales contract, However an evidence of a commitment to be liable for additional cost that will be incurred will make it possible for Selina to recover the damages.

7 0
3 years ago
A major conflict of interest between top executives and owners, is that top executives wish to diversify the firm in order to ,
lutik1710 [3]
For the answer to the question above, I think the answer is because they want <em><u>"</u></em><u><em> to</em></u><u><em> </em></u><span><u><em>reduce their employment risk; increase the company's value" </em></u>that's why they want to diversify</span>
I hope my answer helped you. Have a nice day!
6 0
3 years ago
Other questions:
  • Ibtihal occasionally had garage sales at her home, and also sells a few items each month on Ebay. In one garage sale, she sold a
    7·2 answers
  • When a firm takes existing products and attempts to sell them to new markets, this growth strategy is considered: A. Market deve
    8·1 answer
  • Conflicts of interest may exist when employees have financial investments. True or False
    5·1 answer
  • The term trompe l'oeil refers to work that
    5·1 answer
  • On November 30, capital balances are Roses $299000, Ellis $258000 and Gise $258000. The income ratios are 20%, 20% and 60%, resp
    5·1 answer
  • Country X can cut, prepare, and export lumber using fewer worker hours than Country Y. Country Y can produce lumber but produces
    14·1 answer
  • In a debate on the state of the economy Senator A pointed out that the price of clothing, fruits, and computers had decreased sl
    6·1 answer
  • Mary beth owns a rental house. her current tenant, carl, signed a two-year lease and moved into the house in january of last yea
    7·1 answer
  • When a market is in equilibrium, the: multiple choice 1 quantity demanded equals the price. quantity demanded equals the quantit
    5·1 answer
  • Pam is an agent for refined chemicals corporation. refined chemicals owes pam the duty of:_____.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!