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You interviewed a new client and these were the facts provided. Provide them with a brief explanation of tax reason for each They had interest

You interviewed a new client and these were the facts provided. Provide them with a brief
explanation of tax reason for each
They had interest income of $800 from their municipal bonds and $150 from their savings
account, ordinary dividends of $2200, qualified dividends are $2000 and foreign tax credit of
$200.

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