Jerry has a certificate of deposit at the local bank. The interest on this certificate was credited

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Jerry has a certificate of deposit at the local bank. The interest on this certificate was credited to his account on December 31 of last year but he didn't withdraw the interest until January of this year. When is the interest income taxed?

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Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Jan 20, 2017 10:06 AM

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Jerry has a certificate of deposit at the local bank. The interest on this certificate was credited

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Jerry should include the interest in gross incom...View the full answer

Taxation Of Individuals And Business Entities 2015

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