108. As a new benefit to employees, the Acme Company is providing a dining allowance Tuesday for use in one of the twenty restaurants that they own around town. Should this benefit be included in the employees’ wages? 109. A taxpayer in the 33 percent tax bracket invests in a New York City Bond paying 5 percent interest. What taxable interest rate would provide the same after-tax return? 110. is a wealthy widow who has come to you for tax advice. She is in the 35 percent tax bracket. She has a choice between investing in a high-quality municipal bond paying 3.5 percent or a high-quality corporate bond paying 7 percent. From a tax standpoint, which investment would you advise her to make and why?
108. As a new benefit to employees, the Acme Company is providing a dining allowance Tuesday for use in one of the twenty restaurants that they own around town. Should this benefit be included in the employees’ wages? 109. A taxpayer in the 33 percent tax bracket invests in a New York City Bond paying 5 percent interest. What taxable interest rate would provide the same after-tax return? 110. is a wealthy widow who has come to you for tax advice. She is in the 35 percent tax bracket. She has a choice between investing in a high-quality municipal bond paying 3.5 percent or a high-quality corporate bond paying 7 percent. From a tax standpoint, which investment would you advise her to make and why?
Test-Bank-for-Income-Tax-Fundamentals-2015-33rd-Edition-by-Whittenburg.docx