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Which of the statement(s) is correct? i. Corporations rarely pay tax on the interest income. ii. Higher tax bracket people tend to buy municipal bond
Which of the statement(s) is correct? i. Corporations rarely pay tax on the interest income. ii. Higher tax bracket people tend to buy municipal bond because it is federal tax exempt. iii. Short term capital gain and long term capital gain are treated the same way. iv. The corporate tax rates in the U.S. is one of the lowest among the developed nations. A. i only B. ii only C. ii and iv D. iii and iv E. All the statements are correct
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