As of 2012, carried interest was taxed as:
A) capital gains
B) dividends
C) interest income
D) ordinary income
A
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Refer to Figure 10.1. If two lights are installed, the person who was not responsible for the light being installed receives a payoff of
A) 4. B) 6. C) 8. D) 12.
Consumers lose when a market is served by a monopolist to the extent that units of output for which the price consumers are willing to pay exceeds the marginal costs of production are not produced
Indicate whether the statement is true or false
Do underwriters normally run any kind of risk?
A) They risk being unable to sell the bonds they underwrite. B) They risk receiving a lower price than the commitment price to the bond issuer. C) They risk default on the bonds. D) No, their operations are generally risk-free.
Which of the following is most likely to be sold in an oligopoly market?
A) pizza B) cell phone service C) electricity D) cotton