Which of the following statements is true regarding estate income tax returns filed on Form 1041?
A. Form 1041 has its own tax rate schedule.
B. Estates are never liable for the alternative minimum tax.
C. All estates are subject to the same estimated tax rules that apply to Form 1040.
D. None of the answers are correct.
Answer: A. Form 1041 has its own tax rate schedule.
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Which of the following is a reason why unions tend not to support telecommuting arrangements?
A) difficulty monitoring workers while at home B) accusing workers of not performing their jobs while at home C) lower travel costs than for workers in attendance at the work facility every day D) likelihood of telecommuters not receiving merit pay increases
Which of the following statements concerning preferred stock is correct?
a. Preferred stock generally has a higher component cost to the firm than does common stock. b. By law in most states, all preferred stock issues must be cumulative, meaning that the cumulative, compounded total of all unpaid preferred dividends must be paid before dividends can be paid on the firm's common stock. c. From the issuer's point of view, preferred stock is less risky than bonds. d. Preferred stock, because of the current tax treatment of dividends, is bought mostly by individuals in high tax brackets. e. Unlike bonds, preferred stock cannot have a convertible feature.