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  3. Study Set
    Essentials of Federal Taxation
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    Exam 5: Gross Income and Exclusions
  5. Question
    Interest Income Is Earned in the Year in Which It
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Interest Income Is Earned in the Year in Which It

Question 15

Question 15

True/False

Interest income is earned in the year in which it is received by the taxpayer or credited to the bank account.

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