What is the difference between interest earned on a Series EE bond and a Series HH...
What is the difference between interest earned on a Series EE bond and a Series HH bond?
Choose one answer.
| a. The HH bond pays interest twice a year and interest is claimed each year whereas the EE bond's interest is not paid until it is redeemed. Both are exempt from state and local taxes. | ||
| b. The EE bond pays interest twice a year and interest is claimed each year whereas the HH bond's interest is not paid until it is redeemed. Both are exempt from state and local taxes. | ||
| c. The HH bond pays interest twice a year and interest is claimed each year whereas the EE bond's interest is not paid until it is redeemed. Neither are exempt from state and local taxes. | ||
| d. The EE bond pays interest twice a year and interest is claimed each year whereas the HH bond's interest is not paid until it is redeemed. Neither are exempt from state and local taxes |
Homework Answers
Solution:
The difference between interest earned on a Series EE bond and a Series HH bond is "The HH bond pays interest twice a year and interest is claimed each year whereas the EE bond's interest is not paid until it is redeemed. Both are exempt from state and local taxes."
Hence option a is correct.
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