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Income Beginner: US Savings Bonds

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1.
You can purchase a savings bond at ________.
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TreasuryDirect. You can buy a savings bond online at this location.
2.
You can cash another person's savings bond if _______.
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The owner is your child. You may redeem savings bonds owned by your dependent children.
3.
You can purchase a maximum of $10,000 in series EE bonds in a single calendar year.
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True. You may buy up to a face value maximum of $10,000 in series EE bonds annually.
4.
If you lose a savings bond, which of the following documents is the least likely to help you replace it?
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Your library card. If you lose your savings bond, the government will often replace it if you can provide the serial number, issuance date, address, and Social Security number of the owner.
5.
A friend mentions that his savings bonds are based on the rate of Treasury securities. Your friend owns _______.
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Series EE bonds. Series EE bonds pay 90 percent of the six-month average yield on five-year Treasury securities.
6.
The tax advantages of Series EE and Series I bonds include all of the following except _______.
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No federal tax on earnings. Unless the bonds are owned by your child or special exclusions for educational expenses apply, you must pay federal taxes on the earnings of your Series EE and Series I bonds. You do not need to pay state or local taxes, however.