Question

An example of an investment account where the interest earned is tax exempt is a(n)

a. IRA account.
c. savings account.
b. mutual fund account.
d. municipal bond.

Answer 1

The right answer is IRA account A

Step-by-step explanation:

I put D and got it wrong!!!!!

Answer 2

The answer is D. Municipal bond

Municipal bonds are issued by the states to finance its capital expenditure, such as the expenditures in creating public utilities, to build a school, etc

Since it helped the country, it will be free of tax