Which is true about the interest on corporate bonds?

It does not incur taxes.

It is taxed as a capital gain.

It is taxed as ordinary income.

It is tax deductible.

Question

Social Studies

Beckham Johns

15 November, 16:50

Which is true about the interest on corporate bonds?

It does not incur taxes.

It is taxed as a capital gain.

It is taxed as ordinary income.

It is tax deductible.

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Answers (1)

Know the Answer?

Haven Knox · Answer 1

The correct answer is "It is tax deductible." Interests on corporate bonds are subject to federal tax and state income tax. These interests are deducted by taxes that are directly brought to federal and state income at a certain rate.

Which is true about the interest on corporate bonds?It does not incur taxes.It is taxed as a capital gain.It is taxed as ordinary income.It is tax deductible.

Which is true about the interest on corporate bonds?

It does not incur taxes.

It is taxed as a capital gain.

It is taxed as ordinary income.

It is tax deductible.