Which of the following is not a true statement regarding municipal bonds?
a. a municipal bon...
Social Studies, 06.10.2019 09:00 broach605
Which of the following is not a true statement regarding municipal bonds?
a. a municipal bond is a debt obligation issued by state or local governments.
b. a municipal bond is a debt obligation issued by the federal government.
c. the interest income from a municipal bond is exempt from federal income taxation.
d. the interest income from a municipal bond is exempt from state and local taxation in the issuing state.
Answers: 1
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