Which of the Following Is Not a Tax Advantage of a Series

question 49

Multiple Choice

Which of the following is not a tax advantage of a Series EE savings bond?

• A)Taxes are paid as the original issue discount on the bond is amortized.
• B)Interest earned is exempt from state taxation.
• C)Taxes are deferred until the bond is cashed in at maturity.
• D)Interest is exempt from federal taxation when used for qualifying educational expenses.
• E)None of the choices are correct.

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Definitions:

Psychological Factors

Aspects of human psychological functioning that can influence behavior, thought, and emotion.

Hardiness

A disposition marked by commitment, challenge, and control that is purportedly associated with strong stress resistance.

Burnout

A state of physical, emotional, and mental exhaustion caused by prolonged stress, typically in the workplace.

Absenteeism

The practice of regularly staying away from work or school without good reason, often measured to assess employee or student engagement and satisfaction.