Rachel F.

asked • 06/17/14

what are the annual taxes owed on the interest?

Molly matters Inc issues a slipt coupon $1000 bond that matures in 7 years. Interest payments are 480 a year and start after 3 years have lapsed. The bond initially sells for a discounted price of $784. You are in the 30 percent income tax bracket and purchases the bond. what are the annual taxes owed on the interest?

1 Expert Answer

By:

Sherryse H. answered • 12/15/14

Tutor
3 (1)

Accounting, Income Tax, Excel

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