Under the current federal individual income tax law, which of the following would be an exclusion?

Question

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Interest paid on a bond issued by a state government (often referred to as municipal bond interest) is typically excluded from federal income tax. This includes bonds issued before 1986. Wages, regardless of the employer's tax status, and the value of goods or services received in barter (like the car for painting a house) are generally considered taxable income and not exclusions.

Under the Current Federal Individual Income Tax Law, Which of the Following