3. For the following tax situations, indicate if this item refers to tax-exempt income or tax-deferred income.

Question:

a. Interest earned on municipal bonds

b. Earnings on an individual retirement account

c. Education IRA earnings used for college expenses

d. Income of U.S. citizens working in another country

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Focus On Personal Finance

ISBN: 9781259919657

6th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Jul 24, 2024 11:01 AM

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3. For the following tax situations, indicate if this item refers to tax-exempt income or tax-deferred income.

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Focus On Personal Finance

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