Is true or false Each person must determine the priority of his/her loyalties and weigh the consequences of withholding confiden
2 answers:
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Answer:
Complete question is attached in form of image.
a). Maximum amount of charitable deduction for Cash Contrbutions = 7650 + 5450
= $ 13100
a). Maximum amount of charitable deduction for Property Donations
= 15250 + 18375
= $ 33625
The amount of deduction for contribution to American Heart Association will be the amount equal to the cost of antique painting given to the american heart association.
The amount of deduction for contribution to First Methodist Church will be the amount equal to the FMV of Coca-Cola stock given to the first methodist church.
FMV stands for Fair market value.
Maximum amount of charitable deduction for Cash contribution = $ 13100 and Maximum amount of charitable deduction for Property donation = $ 33625.
Answer:
The correct option is option B which is the effective yield of the corporate bond is higher.
Explanation:
The complete question is not given so it is found online and is attached herewith.
In order to compare the tax free municipal yield to the taxable corporate yield, the two must be equalized.
So the equalization of the yield is given by
Here the Tax Free Yield is 11%
The Tax bracket is 28%
So the equivalent yield of the municipal bond is given as
Now the options are as below
A. The effective yield on the municipal bond is higher
B. The effective yield on the corporate bond is higher
C. Both effective yields are equivalent
D. The coupon rates for each bond are necessary to determine the effective yield
As the effective yield of municipal bond is 15.27% while that of the corporate bond is 16% so the correct option is option B which is the effective yield of the corporate bond is higher.
