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An investor wants Treasury interest that is subject to federal income tax but EXEMPT from state and local income tax. This tax treatment applies to:
a.Corporate bond interest
b.U.S. Treasury note interest
c.Municipal bond interest in the investor's home state
d.Bank certificate of deposit interest
Giải thích
Interest on U.S. Treasury securities is taxable at the federal level but exempt from state and local income tax. Corporate and CD interest are taxable at all levels, while municipal interest is generally federally tax-exempt, the opposite pattern.
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Câu hỏi liên quan cùng chủ đề
- Which U.S. Treasury security is issued at a discount, pays no periodic interest, and has a maturity of one year or less?
- How does a Treasury Inflation-Protected Security (TIPS) protect an investor from inflation?
- U.S. Treasury securities are generally considered to have the LOWEST of which risk?
- Which of the following orders Treasury securities correctly from SHORTEST to LONGEST original maturity?
- A Treasury STRIPS is best described as:
- An investor holding a 30-year zero-coupon Treasury (STRIPS) is MOST exposed to which risk?
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