Which of the following illustrates a tax shelter? a) Dividend income b) Interest earned on a savings
Question:
Which of the following illustrates a tax shelter?
a) Dividend income
b) Interest earned on a savings account
c) A stock purchased for $10 that is currently worth $25
d) Interest earned on a municipal bond
e) Interest earned on the cash value of an insurance policy
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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a As of 2007 dividend income received by individuals is taxed at 10 or 15 percent and is a tax shelt...View the full answer
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