Which of the following is subject to income tax what is the, Financial Management

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Which of the following is subject to income tax what is the

1. Which of the following is subject to income tax?

A. Unemployment compensation benefits

B. Cash or property received by gift

C. Gain on the sale of a principal residence

D. Specific employee fringe benefits

2. A bank purchases a new 52-week $960,000 face value Treasury bill for $920,000. What is the discount rate on the T-Bill (Hint: A 52-week T-bill has an original maturity of 364 days) ?

4.95%

5.00%

4.12%

5.16%

5.26%

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Financial Management: Which of the following is subject to income tax what is the

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