You are examining two different MMMFs. Fund A is tax-exempt and pays 5%. Fund B is taxable
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You are examining two different MMMFs. Fund A is tax-exempt and pays 5%. Fund B is taxable and pays 6%. You live in a state that imposes no income taxes and are in a 28% federal tax bracket. Which fund is preferable? Why? At what tax rate would the two funds have identical yields?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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