For most individuals,interest income comes from interest-earning deposits at banks,savings and loans,or credit unions.
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Q12: For tax purposes,income is recognized if the
Q13: Dividends are generally taxed at capital gains
Q14: If Lucas,an accountant,agrees to provide tax services
Q15: A taxpayer can exclude from gross income
Q16: Constructive receipt means the income is available
Q18: Income can only be realized in money
Q19: Lisa performed bookkeeping services for Donald charging
Q20: Jeff owns 250 shares of Coca Cola
Q21: The cost of holiday turkeys distributed to
Q22: A taxpayer does not have to report
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