Question
The interest paid on any municipal bond is: subject to default risk and is exempt from state income taxation. exempt from federal income taxation and
The interest paid on any municipal bond is:
subject to default risk and is exempt from state income taxation.
exempt from federal income taxation and may or may not be exempt from state taxation.
free of default risk.
taxable at the federal level and tax-exempt at the state and local level.
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
