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Author Question: Interest credited to a bank savings account is taxed regardless of whether or not it is withdrawn. (Read 51 times)

maychende

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Question 1

If a taxpayer's method of accounting does not clearly reflect income, the IRS may specify a different accounting method which must be used by the taxpayer.
◦ true
◦ false

Question 2

Interest credited to a bank savings account is taxed regardless of whether or not it is withdrawn.
◦ true
◦ false


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Marked as best answer by maychende on Sep 13, 2020

cassie_ragen

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maychende

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


shailee

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Reply 3 on: Yesterday
Excellent

 

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