Ask Question
16 September, 18:19

Municipal bonds that are issued to pay for essential public projects are exempt from federal taxation.

True or False?

+3
Answers (1)
  1. 16 September, 18:27
    0
    True

    Explanation:

    A municipal bond is also known as Muni. It is a debt security used for funding capital expenditure for a county. These bonds are free from federal taxes but can be taxed by local or state bodies under various circumstances. These bonds are popular among people from higher income tax brackets. These bonds are issued when people loan money to municipal boards in exchange of interest payment for a specific period.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Municipal bonds that are issued to pay for essential public projects are exempt from federal taxation. True or False? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers