QUESTION 17 Patty is trying to decide between buying a Microsoft bond paying 12.

Question

QUESTION 17 Patty is trying to decide between buying a Microsoft bond paying 12.5% and a Cortland City the 22% tax bracket, which bond provides the best return to her and how much exactly is that return? bond paying 9%. If Patty is in Cortland bond with a 9% return. Cortland bond with a 7.02% return Microsoft bond with a 9.75% return Microsoft bond with a 1 1 .5% return. - QUESTION 18 tells you the following regarding their financial situation for 2017: Their salary is $86,500. They paid real on their mortgage of $2,800. They earned interest of $800 from a savings account and estate taxes of $10,000 and interest lthaca City water bond. They paid $600 to various charities. They also made a City water bond. They paid $600 to various charities. They also made $2,000 on the sale of their 1,800 from an cahased 3 months ago. And they sold their GE stock, which they had owned for 4 years unEdison stock they had j and made $3,000 on it. The couple has 2 children. Exemptions are $3,800 each. 1. What is the family's taxable income? A. $60,700 B. S63.700 C. $58,300 D. $60,300 Click Save and Submit to save and submit. Click Save All Ansvers to save all answers. Save Al Ar

Explanation / Answer

Q17. Answer is Microsft bond with a return of 9.75% Explanation: Interest on Microsoft bond 12.50% Less: Tax @ 22% 2.75% Net return on Microsoft bond 9.75% Interest on Cortland city 9% Less: Tax @22% 1.98% Net return on Cortland 7.02% Hence, return on Micrsoft bonds is higher

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