What Are the Tax Implications of Interest Earned on U

question 17

Multiple Choice

What are the tax implications of interest earned on U.S. savings bonds?

• A) Taxable at both the federal and the state level.
• B) Tax-free at both the federal and the state level.
• C) Taxable at the state but not the federal level.
• D) Taxable at the federal but not the state level.

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Definitions:

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