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

Taxexempt Taxdeferred a Interest earned o ...

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

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

	Tax-exempt	Tax-deferred
(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: 9780077861742

5th Edition

Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

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Question Posted: Nov 20, 2018 12:04 PM

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

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