Kayla is in the 28% federal income tax bracket and the 5% state income tax bracket
If she purchases a municipal bond yielding 4.25%, what is the equivalent yield on a taxable bond if the municipal bond income is exempt from both federal and state taxes?
A) 4.47%
B) 5.90%
C) 6.34%
D) 6.21%
Answer: D
You might also like to view...
Which of the following is/are true about holding gains on assets?
a. U.S. GAAP recognizes the holding gain on the assets for the increase in values. b. IFRS permits recognition of the holding gains under certain circumstances. c. Under IFRS, if in a given period, an asset increases in value, the firm does not record depreciation and amortization during that period. d. Under U.S. GAAP, if in a given period, an asset increases in value, the firm does not record depreciation and amortization during that period. e. all of the above
A product sells for $750 in the United States. The spot exchange rate is $1 to 1.56 Swiss francs. If purchasing power parity (PPP) holds, what is the price of the product in Switzerland?
A. 1,462.50 B. 1,392.30 C. 1,228.50 D. 1,170.00 E. 947.70
Murry Gunty was expelled from Harvard
Indicate whether the statement is true or false
What is net neutrality?
A) the notion that federal government remain a neutral party in deciding privacy law cases regarding the Internet B) the principle that Internet service providers (ISPs) should not remain neutral in determining how information should flow on the Internet C) the notion that the First and Fourth Amendments should not be used in determining citizens' privacy rights regarding the Internet. D) the principle that all information which flows on the Internet must receive equal treatment.