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Question 66 of 75 All the following investment instruments produce the same rate of interest. Which could be most advantageous for ia taxpayer residing in

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Question 66 of 75 All the following investment instruments produce the same rate of interest. Which could be most advantageous for ia taxpayer residing in a state with a high state income tax rate? O Certificate of deposit O Commercial bond O U.S. Treasury note. O Municipal bond issued in the taxpayer's state of residence. Mark for follow up Question 67 of 75 In 2018, the company paid a stock dividend, and Miranda received one dividend Miranda owns shares in Oak Corporation. payment for each share of stock owned. The distribution did not involve any shares of preferred s have a choice to receive cash or other proper the response that best describes how Miranda should report this distribution. tock, and Miranda did not ty instead of additional shares; nor did any of the other shareholders. Choose O As ordinary dividend income reported on Schedule B, Interest and Ordinary Dividends. OAs qualified dividend income reported on Schedule B, Interest and Ordinary Dividends. 0 As a return of capital reported on Schedule D, Capital Gains and Losses. 0 The distribution is non-taxable, and Miranda does not need to report it. Mark for follow up Question 69 of 75. Wendy is a self-employed certified financial her bu $500 computer and a $250 desk. She also paid $6,000 in legallincorpmitation? office building she owns. Which purchase(s) can she planner who started her business in 2018. During the year, she purchased the fees and spent $12,000 for a new root tore O Computer and desk. O Computer, desk, and legalfincorporation fees. O Computer, desk, legal/incorporation fees, and rocf. expense in 2018 without limitation? O Legal fees/incorporation fees and roof. Mark for follow up Question 70 of 75 Donald (66) and Leah (62) file married filing joint. Their income for 2018 is: Donald-$13,876 -Social Security Benefits Leah-$15,000 - Wages . Joint-$510 - Taxable interest income How much of Donald's social security income may be taxable? O so $6,938 O $13,876. O $22,448 Mark for follow up tnted interest rate

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