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Revision as of 00:47, 11 November 2024

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B) Interest earned, on the other hand paid, during a bond year, must be accrued following the bond year and reported as taxable income for the calendar year in how the bond year ends.

If your salary is below $16,750 then you will have to pay around 10% of income tax. Nevertheless, you you are a single person and living a bachelor life then you will have to pay for more interest as the limit is actually only $8,375. Thus maried people transfer pricing are definitely in proceeds.

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