Which of the Following Are True Statements About T-Bills

question 19

Multiple Choice

Which of the following are true statements about T-bills?
I. T-bills typically sell in denominations of $10,000.
II. Income earned on T-bills is exempt from all federal taxes.
III. Income earned on T-bills is exempt from state and local taxes.

• A) I only
• B) I and II only
• C) I and III only
• D) I, II, and III

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Definitions:

Cultural Bias

The tendency of a culture to interpret and judge phenomena by standards inherent to its own culture.

Normed

Refers to the process of standardizing a test or assessment by administering it to a specific group and using the results as a reference for interpreting individual scores.

Accommodations

Accommodations are adjustments or modifications provided to individuals with disabilities or special needs to enable them to participate fully in an activity or setting, such as in testing or in the workplace.

Modifications

Adjustments or changes made to environments, tasks, or procedures to enable individuals to participate fully.