Business
Business, 12.11.2019 04:31, mama9297

Jerry purchased a u. s. series ee savings bond for $744. the bond has a maturity value in 10 years of $1,000 and yields 3% interest. this is the first series ee bond that jerry has ever owned. a. jerry can defer the interest income until the bond matures in 10 years. b. jerry must report ($1,000 - $744)/10 = $25.60 interest income each year he owns the bond. c. the interest on the bonds is exempt from federal income tax. d. jerry can report all of the $256 as a capital gain in the year it matures. e. none of these.

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Jerry purchased a u. s. series ee savings bond for $744. the bond has a maturity value in 10 years o...

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