If you're in the 15% marginal tax bracket, what is the equivalent taxable yield on an 8% municipal bond?

A) 9.41%
B) 6.96%
C) 8.15%
D) 8.70%

Answer: A

Business

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Output and requirements contracts are unenforceable because the buyer or seller is not obligated to buy or sell a specific quantity.

a. true b. false

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Carol works for a tailor and she is being paid a fixed sum for each garment that she alters to customer specifications. Carol is receiving pay that is

a. merit-based. b. skill-based. c. piece-rate. d. gainsharing. e. ESOP.

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