Which source of investor income is susceptible to double taxation? Dividends Interest eamed You bought 1,000 shares of Tund Corp. stock for $60.59 per share and sold it for $82.35 per share after a few years. How will your gain or loss be treated when you file your taxes? As a capital gain taxed at the long-term tax rate As a capital gain taxed at the current ordinary-Income tax rate As a capital loss deducted from taxable income in the year that the loss is realized As a capital loss taxed at the long-term tax rate Suppose you want to invest $10,000. You have two options: (1) invest in California municipal bonds with an expected rate of return of 12.00%, or (2) Invest in ) and K Corp.'s bonds with an expected rate of retum of 18.00%. Assume that your decision is based on a tax perspective. If everything else is the same for both bands, at what tax rate would you be indifferent between these two bonds? 28.33% 41.66% 33.33% 30.00% If a taxpayer is liable to pay $8,950 under AMT law but $7,500 according to the regular tax system, the taxpayer will need to pay taxes according to the To offset taxable income in a given year, ordinary corporate operating losses can be Carried back for 5 years and carried forward for 10 years Carried back for 2 years and carried forward for 20 years