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2. You own 20m shares in American Funds Balanced Fund on the record date for the distribution from Q1. You pay 40% on ordinary income

2. You own 20m shares in American Funds Balanced Fund on the record date for the distribution from Q1. You pay 40% on ordinary income (interest and short term gains) and 20% on qualified dividends and long term capital gains. What is your total tax liability because of this distribution?

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