Which of the following is purchased at par value,and interest is accrued and paid at redemption.Interest stops accruing after 30 years.Interest earnings are subject to federal income tax but are exempt from state and local income tax.

Question

Quizplus · Accepted Answer

Series EE savings bonds are purchased at half their face value, and interest accrues until redemption or until 30 years have passed. While interest on these bonds is subject to federal income tax, it is exempt from state and local income taxes, fitting the description provided.

Which of the Following Is Purchased at Par Value,and Interest