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.
- How long must we retain employee records?
- Work rules can regulate some employee political advocacy
- Nonunion worker's pay complaint is protected activity under NLRA
- When contracting with temp or payroll services, make sure it's clear who the real employer is
- Holiday premium isn't the basis for overtime calculation