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Enter the letter of the appropriate term next to the description. A. US Treasury bond B. Certificate of Deposit (CD) C. Series EE Bond D.

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Enter the letter of the appropriate term next to the description. A. US Treasury bond B. Certificate of Deposit (CD) C. Series EE Bond D. Municipal bond E. Original Issuance Corporate Bond Interest income earned on this type of bond is excluded from gross income. A. US Treasury bond Interest income eamed on this type of investment is taxed at ordinary rates. B. Certificate of deposit Interest income earned on this type of bond is not taxable by states. C. Series EE bond The taxpayer may not defer the amortization of the original issuance discount D. Municipal bond (OID) on this type of investment. E. Original Issuance Corporate Bond Interest income earned on this type of bond may be excluded from gross income if the proceeds are used to pay for qualified education expenses. Which of the following statements is true? a. Corporate bonds always pay interest periodically b. Interest income on Series I bonds is never taxable c. Generally, interest income is taxed at preferential rates d. Interest income on certain corporate bonds can be deferred until maturity e. None of the statements above are true 1) Moving to another question will save this response

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