l3olbrees6keirali l3olbrees6keirali

25-02-2016
Social Studies

Answered

Which is true about the interest on corporate bonds?

It does not incur taxes.

It is taxed as a capital gain.

It is taxed as ordinary income.

It is tax deductible.

Verified Answer :

taskmasters taskmasters

08-03-2016

The correct answer is "It is tax deductible." Interests on corporate bonds are subject to federal tax and state income tax. These interests are deducted by taxes that are directly brought to federal and state income at a certain rate.

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cbatista cbatista

23-11-2019

Answer:

It is tax deductible

Explanation:

GradPoint

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