A. It depends on the type of fund. Generally, the interest earned in bond funds is taxed at ordinary-income rates, reaching as high as 35 percent. But if the fund invests in tax-free municipals, all or part of the interest may be tax free. In addition, some so-called “bond funds” invest in stocks that may pay qualified dividends taxed at a maximum 15 percent tax rate. Tip: You will receive a breakdown on the types of income on the Form 1099-DIV.
- Offer reasonable religious accommodations—and then insist that workers follow them
- The best defense against bias lawsuits: Equal treatment for all your employees
- How much flexibility do we have to set up alternative workweek schedules?
- Best bet: Always investigate hostile environment claims
- What's likely to happen when an employee waits two months to charge harassment?