Tom, from Nebraska, and Jill, from Missouri, recently got married. To earn a decent return on all their wedding gifts, they decide to invest in some municipal bonds issued by the state of Missouri. Assuming they both qualify as Missouri residents, the bond interest Tom and Jill earn will be subject to the following taxes:
A) federal income taxes only
B) federal and Missouri state income taxes
C) Missouri state income taxes only
D) Nebraska state income taxes only
E) None of these
Correct Answer:
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