0
Amir who is single retired from his job this year. He received a salary of 25000 for the portion of the year that he worked tax-exempt interest of 3000 and dividends from domestic corporations of 2700?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the difference between dividends and interest?
It is very important that the self directed investor understands the difference between dividends and interest.-Dividends- Dividends are generally paid to shareholders of a publicly traded company.-Interest- Earning interest would be from loaning your money. If you put your money in the bank or buy bonds you are actually loaning your money.The single most important reason for knowing the difference is tax. Dividends are taxed at a different rate than interest earned. It is suggested to seek professional accounting advice on how these tax rates affect you.
How do corporations attempt to protect the interest of stockholders?
Corporations try to protect the interest of stockholders by maximizing profits. The more money they more, the more money they will have for their investors.
What are the factors affecting the cash management?
1. Profit 2. Interest or dividends
Where can I find information about the dividends dates?
If your savings account offers dividends, you would be best served by making this inquiry with your bank directly. Most savings accounts pay interest, not dividends, which may be taxed differently.
What are stocks and bonds providing income through dividends and interest the same as?
Storehouse of value. (:
Are Dividends considered Interest?
Dividends are income from shares. It is not Interest
What are dividends on deposit?
Dividends stay in policy and accumulate interest.
What is the difference between dividends and interest?
It is very important that the self directed investor understands the difference between dividends and interest.-Dividends- Dividends are generally paid to shareholders of a publicly traded company.-Interest- Earning interest would be from loaning your money. If you put your money in the bank or buy bonds you are actually loaning your money.The single most important reason for knowing the difference is tax. Dividends are taxed at a different rate than interest earned. It is suggested to seek professional accounting advice on how these tax rates affect you.
What are the interest and dividends for a pediatrician?
It's over 9000
How do corporations attempt to protect the interest of stockholders?
Corporations try to protect the interest of stockholders by maximizing profits. The more money they more, the more money they will have for their investors.
What are the factors affecting the cash management?
1. Profit 2. Interest or dividends
Where can I find information about the dividends dates?
If your savings account offers dividends, you would be best served by making this inquiry with your bank directly. Most savings accounts pay interest, not dividends, which may be taxed differently.
What are stocks and bonds providing income through dividends and interest the same as?
Storehouse of value. (:
Why would a corporation rather borrow money and pay interest than sell stock and then pay dividends?
Interest is tax deductible, so amounts paid lower the tax they would have otherwise paid. Dividends are paid with after tax earnings..there is no tax deduction for them. Of course, someone receiving interest pays tax on it at their ordinary income rate, and someone receiving dividends pays tax at the capital gain rate, which is lower.
What are domestic interest margins?
It net interest income as a percentage of average interest-earning assets
What is the difference between drawing account and expense account?
A Drawing account is used for withdrawals by owners of the entity. This is commonly used in sole proprietoships and partnerships. The withdrawals are the distribution of the profits to the owners. In corporations dividends declared reduce retained earnings in a similar manner because dividends are distributions of profits to the stockholders. An expense account is used for costs incurred by the entity such as salaries, depreciation, rent, interest, insurance, advertising, and taxes.
Stocks and bonds providing income through dividends and interest is the same as money use as which of these?
USED as a part of all of your gross worldwide income that you will report on your 1040 federal income tax return. You would have some dividend income and some interest income to be reported on the tax form. Generally, dividends are taxed differently (more beneficially) than interest. Interest is ordinary income at your normal rate, which depends on your circumstances. Whereas dividends are taxed like long term capital gains rates with the max being 15%.
