Use the following two columns of items to answer the matching questions below:
-interest income
A)interest earned from savings and debt securities
B)forms used to report interest and deductions
C)reportable income from any source
D)earnings from stocks
E)selling an asset for more than it cost

Question

Quizplus · Accepted Answer

Interest income specifically refers to interest earned from savings and debt securities.

Answer: D 
 Earnings from stocks are not considered interest income.

Answer: E 
 Selling an asset for more than it cost is not considered interest income.

Use the Following Two Columns of Items to Answer the Matching