Question
I am a depository institution, or bank, that is considered a cooperative (with the corresponding tax advantages) based upon being associated with a certain entity,
I am a depository institution, or bank, that is considered a cooperative (with the corresponding tax advantages) based upon being associated with a certain entity, such as a corporation or village. Who am I?
a. | a Commercial Bank | |
b. | a Savings and Loan | |
c. | an Investment Bank | |
d. | a Credit Union | |
e. | a Finance Company |
Which of the following is not tax deductible in the context of a consumer mortgage loan?
a. | payment of points involved with the mortgage interest rate | |
b. | payments to property taxes | |
c. | monthly interest payments on the mortgage loan | |
d. | payment of realtor fees |
Which of the following characteristics do not pertain to US Savings Bonds?
a. | EE bonds and I bonds pay the holder an interest payment each year which is part of taxable interest for the year, whether or not the household cashes in the bond. | |
b. | They are issued by the federal government. | |
c. | Their interest is exempt from State and Local taxes. | |
d. | I bonds have an interest rate which is adjusted for inflation. | |
e. | EE bonds are typically purchased for less than their face value. |
No need for explanation, thank you!
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