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bonnie gave her husband ,richard ,$50,000 to invest .richard purchased a 6% corporate bond and earned interest income of $3000 in the first year.
bonnie gave her husband ,richard ,$50,000 to invest .richard purchased a 6% corporate bond and earned interest income of $3000 in the first year.Bonnie's marginal tax rate is 43% and richard's marginal tax rate is 29%.what statement is true? A, the investment income will be taxed at a rate of 29% B, the investment income is taxable to richard. C,if bonnie cannot pay the resulting tax liability ,richard will have to pay the tax at his rate of 29% D,if bonnie cannot pay the resulting tax liability,richard will have to pay the tax at bonnie's rate of 43%
