[Solved] Juan Carlos Cashed in a Savings Bond That Had Earned

Question 113
Multiple Choice
Question 113

Juan Carlos cashed in a savings bond that had earned $400 in interest. His tax bracket is 12%, and his state charges 6% on investment income. How much tax will Juan Carlos pay on the interest from the bond?

A) $48.
B) $36.
C) $24.
D) $0.

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