An organization that can directly issue debt paying interest exempt from federal taxation may be a governmental not-for-profit or a nongovernmental not-for-profit.

Name: An organization that can directly issue debt paying interest exempt from federal taxation may be a governmental not-for-profit or a nongovernmental not-for-profit.
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Question

Quizplus · Accepted Answer

Both governmental and not-for-profit organizations can issue tax-exempt debt, which means the interest income generated from the debt is not subject to federal income tax.

An Organization That Can Directly Issue Debt Paying Interest Exempt