federal government finance and service it outstanding debt

Q: What are the special tax features of (a) Treasury securities, (b) agency issues, and (c) municipal…

A: (a): Treasury securities - Interest paid on all types of treasury securities will be fully taxable…

Q: Interest from which source is usually tax-exempt on the federal return?

A: The interest which is earned and received by the taxpayer from the amount of money which has been…

Q: What is the requirement on Federal Truth-in-Lending (FTL)?

A: Following are the requirements of Federal Truth-in-Lending (FTL):   The financial data: The plan of…

Q: The public debt is the sum of all previous:   Budget surpluses minus the current budget deficit of…

A: Introduction:   The entire amount borrowed by the government to meet its development budget,…

Q: What is a federal deficit? How is it managed?

A: A deficit implies when a nation's expenditure surpasses the nation's revenue. That means deficit…

Q: How are general long-tern liabilities distinguished from other long-term liabilities of government?…

A: Liabilities are described as the obligations which an entity is required to pay back. These can be…

Q: In the case of interest income from state and Federal bonds, which are true and which are false? I.…

A: Introduction: The Internal Revenue Service levies a federal income tax on individuals and…

Q: What is GSE (government-sponsored enterprise) debt?

A: Government-sponsored enterprises (GSEs) are the bonds which are supported by U.S. government. These…

Q: A debt service fund is used to account for financial resources set aside for the purpose of making…

A: A debt service fund is a type of governmental fund that is used to account for the accumulation of…

Q: How do IRS regulations affect leasing decisions?

A: Regarding the lease of capital, IRS laws grant the leaser permission to collect data tax advantages…

Q: The federal government is required to recognize liabilities from nonexchange transactions     When…

A: Liabilities refer to the obligations that are required to fulfilled in the future by the business.

Q: ndholders. areholders. areholders and the federal government.

A: Interest tax sheild is the reduced cost of capital due to the advantages of tax deductions.

Q: debt?

A: Introduction Deficit and Debt If the federal revenues and the government spending are equal in a…

Q: Explain and analyze the effect of differences between IFRS and U.S. GAAP related to the financial…

A: In the United States, financial reporting practices are prescribed by Financial Accounting Standards…

Q: Why might the general obligation bonds of a state yield a return different from revenue bonds issued…

A: The question is based on the concept of municipal bonds used as debt security by local government to…

Q: What types of returns do mutual funds and ETFs generate? What are their tax implications?

A: Mutual funds are managed by professional fund managers who invest the pooled money in a variety of…

Q: Compare the use of accrual accounting in federal government financial reporting with the use of…

A: Accrual basis of accounting:  The revenues and corresponding expenses of the firm are reported…

Q: What is the difference in the tax treatment of interest anddividends paid by a corporation? Does…

A: Introduction: Usually, dividend is nothing but, sharing a portion of profits of the corporation, as…

Q: Long-term debt intended to be repaid from tax levies or special assessments is recorded in debt…

A: Long-term debt that is intended to be repaid from tax levies or special assessments is typically…