Which is true about the interest on corporate bonds?

a. it is taxed a capital gain

b. it is tax deductible

c. it does not incur taxes

d. it is taxed as ordinary income

Question

Dee

Business

21 December, 23:36

Which is true about the interest on corporate bonds?

a. it is taxed a capital gain

b. it is tax deductible

c. it does not incur taxes

d. it is taxed as ordinary income

+2

Answers (1)

Know the Answer?

Shyann · Answer 1

The correct answer is letter B. It is tax deductible. The true about the interest on corporate bonds is that it is subject to federal and state income tax. These interests are deducted by taxes that are directly brought to federal and state income at a certain rate.

Which is true about the interest on corporate bonds?a. it is taxed a capital gainb. it is tax deductiblec. it does not incur taxesd. it is taxed as ordinary income

Which is true about the interest on corporate bonds?

a. it is taxed a capital gain

b. it is tax deductible

c. it does not incur taxes

d. it is taxed as ordinary income