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Question
Interest income from Treasury securities is ________________, and interest income from municipal bonds is always ________________.
A. exempt from federal taxes; exempt from all taxes
B. taxable at the state level only; exempt from state taxes only
C. taxable at federal level only; exempt from federal taxes
D. taxable at the state level; taxed at the federal level
E. totally tax exempt; exempt from state taxes
Answer
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Related questions
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