Series 7 - General Securities Representative Exam

Training Mode

Unit 1 Unit 2 Unit 3 Unit 4

John owns $100,000 worth of US T Bonds with an interest rate of 3%. John is in the 22 % tax bracket at the federal level and 5 percent at the state level. Based on the income received, John's tax liability is:

$810

A

$0

B

$660

C

$510

D