Interest on bonds issued by the ____________ are not exempt from state and local taxes.
A)Farm Credit System
B)Federal Home Loan Banks
C)Government National Mortgage Association (Ginnie Mae)
D)United States Postal Service
E)Student Loan Marketing Association (Sallie Mae)

Question

Quizplus · Accepted Answer

Interest on bonds issued by the Government National Mortgage Association (Ginnie Mae) is subject to state and local taxes, unlike bonds from some other government-related entities which may be exempt.

Interest on Bonds Issued by the ____________ Are Not Exempt