Which of the following statements is false?
A)Under the cash method,prepaid income such as rent is usually taxed when received rather than when earned.
B)Municipal bond interest is taxable.
C)Alimony received by the taxpayer is taxable.
D)Income earned by selling goods on the Internet is taxable.

Question

Quizplus · Accepted Answer

B)Interest on obligations of states,territories,U.S.possessions and their political subdivisions is tax-exempt.

Which of the Following Statements Is False