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
Kobotan [32]
3 years ago
7

"An investor buys $10,000 of a "regulated" mutual fund investing solely in municipal securities. Which statement is TRUE regardi

ng the Federal tax treatment of the interest income?"
Business
1 answer:
kogti [31]3 years ago
7 0

Answer: D. The investor has no tax liability on distributions received, and the investment company has no tax liability on retained income

Explanation:

Municipal Securities are exempt of Federal taxes and this is what makes them most attractive. An investor in a mutual fund which invests solely in municipal securities will therefore not have any tax liability because their returns would be based on securities that are federally tax exempt. The same goes for any income the Mutual fund intends to retain.

You might be interested in
Telecommuters are not key to a business continuity plan (BCP) because they work from remote locations. Therefore, any disruption
Marrrta [24]

Answer:

This false

Explanation:

A telecommuter is a remote worker that does his or her job from home and when it is time to have communications with their office, they do so through emails, fax, phone or the internet. the BCP is the ability of the organization to continue with its services and production even after a disruption occurred in the business.

A disruption in the business is capable of affecting the telecommuter too. Working remotely does not make their job less important

8 0
3 years ago
A firm's _____ resources are also known as labor. economic human intangible financial natural
stepan [7]
<span>A firm's human resources are also known as labor.Labor is the most important powerful resource in firm.They are responsible for the development of the firm.A good firm should have responsible labors and labors want to satisfy with their salary given by firm.Human resources should come up with the new ideas so that it will become an advantage to the firm.</span>
8 0
3 years ago
Labor data for making one gallon of finished product in Bing Company are as follows. (1) Price—hourly wage rate $16.70, payroll
blondinia [14]

Answer:

a. Standard direct labor rate per hour = Hourly wage rate + Payroll taxes + Fringe benefits

Standard direct labor rate per hour = $16.70 + $0.60 + $1.40

Standard direct labor rate per hour = $18.70

b. Standard direct labor hours per gallon = Actual production time + Rest periods and cleanup + Setup and downtime

Standard direct labor hours per gallon = 1.60 hours + 0.30 hours + 0.20 hours

Standard direct labor hours per gallon = 2.1 hours

c. Standard labor cost per gallon = Standard direct hours per gallon * Standard direct labor rate per hour

Standard labor cost per gallon = 2.1 hours * $18.70

Standard labor cost per gallon = $39.27

7 0
3 years ago
Ramsey Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 60,000 subsc
Alexxandr [17]

Answer:

The correct answer is B

Explanation:

The journal entry to record the sale of the subscription is as:

Cash A/c.............................................................Dr       $600,000

   To Unearned Subscription Revenue A/c..........Cr      $600,000

As company made a sale of the subscription, so cash is received from sale therefore any increase in asset is debited. So, the cash account is debited. And the unearned subscription revenue is credited because cash is received against subscription sale.

8 0
3 years ago
Vaughn Manufacturing began the year with retained earnings of $114000. During 2022, the company issued $84500 of common stock fo
il63 [147K]

The net income for the year 2022 is: c. $88,000.

<h3>Net income for the year 2022</h3>

Using this formula

Net income=Revenues - Expenses

Let plug in the formula

Net income=$735,000-$647,000

Net income=$88,000

Therefore the correct option is c.

Learn more about net income here:brainly.com/question/15530787

#SPJ1

7 0
2 years ago
Other questions:
  • Total quality management (tqm) emphasizes all but which one of the following?a. Team-based work design and the creation of a tot
    15·1 answer
  • You decide to form a portfolio of the following amounts invested in the following stocks. What is the expected return of the por
    12·1 answer
  • The nine-digit number that identifies the bank that a check came from is called a(n) _____. A.account number. B.bank number. C.c
    7·2 answers
  • A forecast is defined as a(an) Select one: A. set of observations on a variable measured at successive points in time. B. quanti
    10·1 answer
  • The vast majority of for-profit businesses in the United States operate as which of the following?
    9·1 answer
  • Diehl Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following d
    5·1 answer
  • A consumer is said to be indifferent between two consumption bundles _________.a. when the consumer doesn't care about his or he
    12·1 answer
  • A. He should utilize lean manufacturing.
    7·1 answer
  • Dearborn Company has earnings per share of $2.80, it paid a dividend of $2.10 per share, and the market price of the company's s
    11·1 answer
  • It is important to know your own strengths and weakness. Please select the best answer from the choices provided T F.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!