Money-market funds
A) are tax exempt.
B) typically sell shares to the public in $25,000 denominations.
C) typically invest in a diversified portfolio of short-term, high-grade debt instruments.
D) are generally very profitable but fail to provide liquidity to the small investor.
C
You might also like to view...
Job 910 was recently completed. The following data have been recorded on its job cost sheet: Direct materials$3,193 Direct labor-hours 21labor-hoursDirect labor wage rate$12per labor-hourMachine-hours 166machine-hours The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $15 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be:
A. $3,760 B. $5,935 C. $3,445 D. $3,220
Which of the following statements is true of retailers?
A. They convert materials into products, usually in considerable volumes. B. They emphasize selling products through intermediaries to the ultimate consumer. C. They bring the buyers and sellers together to negotiate purchases or sales but do not take title to, or possession of, the goods. D. They are concerned with people who come to, or are drawn into, a store to make a purchase.
Which of the following is true about employee stock options after they have been issued?
A. They have to be revalued every year B. They have to be revalued every quarter C. They have to be revalued every day like other derivatives D. They never have to be revalued
Maya expects to report about $2 million of AGI and $1.7 million of taxable income. Her AGI is composed of $1.25 million of salary, and the balance is investment income. Maya is thinking about selling some stock before year-end. She purchased the stock three years ago and expects to recognize a $500,000 gain. How much federal tax will she pay in total on the stock gain?
A) $119,000 B) $100,000 C) $75,000 D) $185,000