Archive for December, 2005
Savings Bonds Taxation
December 4th, 2005
Question: Interest is exempt from federal income taxation on:?
a-equipment trust certificates
b-zero coupon bonds
c-federal bonds such as Savings Bonds
d-state of Florida bonds
Answer: d
Federal income tax is not levied on state bonds.
State income tax is not levied on federal bonds.
Savvy Rules for 401k Investing
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