Which of the Following Types of Interest Income Is Not

question 29

Multiple Choice

Which of the following types of interest income is not taxed as it is earned?

• A) original issue discounts on corporate bonds
• B) accrued market discount on bonds
• C) interest from savings accounts
• D) interest from money market accounts
• E) All of the choices are correct.

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Definitions:

Events

Occurrences or happenings, especially significant ones, that are planned or accidental.

Remember

The act or faculty of retaining and retrieving information or experiences from the past.

Children

Young human beings below the age of puberty or below the legal age of majority.

Remember Best

Refers to the ability or process of recalling information or experiences with the highest degree of accuracy or clarity.