The Federal Estate Tax is a flat percent on all assets owned at death

IPO is an acronym that stands for:

a. initial public obligation. b. initial public stock offering. c. innovative process for organizing. d. immediate principal obligation. e. instant public obligation.

Which of the following is not true of U.S. Series EE bonds?

A) The rate on new issues is set relative to the rates on other Treasury loans. B) Taxes on on interest can be deferred until the bond is redeemed. C) The interest income is taxed by states and local governments. D) Some interest is forfeited if the bonds are redeemed before five years.