Choose the Word or Phrase in [ ] Which Will

question 111

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Municipal bonds are exempt from [income tax | capital gains tax].

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Definitions:

Commercial Usage

The habitual practices and norms that are recognized and enforced among businesses in specific industries.

Deemed To Have Accepted

Considered to have agreed to or acknowledged something, typically by failing to object within a certain period.

Crates Of Strawberries

Containers used for the transportation and storage of strawberries, typically made of wood or plastic.

Ex-Ship

A term used in international trade that specifies the seller's obligation to deliver goods to a designated port of arrival, with risk transferring to the buyer once off-loaded.