Ward and June Are in the 28% Tax Bracket

question 55

Multiple Choice

Ward and June are in the 28% tax bracket.Included in their assets is a Dell Computer Corporation bond with a face value of $10,000.The bond pays $1,000 a year in interest.Ward and June gift the bond to their son,Wally (age 19) ,on January 1,2013.Wally is in the 15% tax bracket.The 2013 net tax savings for the family unit of Ward,June and Wally related to the transfer of the bond is

• A)$ -0-
• B)$130
• C)$150
• D)$280

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Definitions:

Auditory Capacity

The ability of an individual to hear and process sounds, which can vary widely between individuals and can be affected by both biological and environmental factors.

Native Language

The primary language a person learns from birth or within the early years, forming the basis for personal, cultural, and social identity.

Nonspeech Sounds

Auditory perceptions that are not classified as language or voice, such as environmental noises or instrumental sounds.

Intermodal Perception

The integration and coordination of information from different sensory modalities, such as sight and sound, into a unified perception.