Which of the Following Statements About Investment Property Is False

question 12

Multiple Choice

Which of the following statements about investment property is false?

• A)The term securities includes corporate stock,certificates of deposit,notes,bonds,and other debt instruments.
• B)Interest and dividends are taxed at the same rate as long-term capital gain.
• C)Interest on private activity bonds issued by a state or local government is excluded from ordinary income.
• D)A mutual fund is a diversified portfolio of securities owned and managed by a regulated investment company.

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Definitions:

High Deductible

Refers to a health insurance policy with a higher deductible amount, requiring the insured to pay more out-of-pocket costs before the insurance starts covering medical expenses.

Qualified Health Plan

A health insurance plan that meets the requirements set by the Affordable Care Act, including essential health benefits, consumer protections, and coverage for pre-existing conditions.

Medicare Advantage

A type of health insurance plan in the United States offered by private companies, providing Medicare benefits.

Contribute

To give or supply in common with others; adding to a greater whole or cause.