Business, 10.02.2020 23:53 EggWithWheels

Wilma has a $25,000 certificate of deposit (CD) at the local bank. The interest on this certificate, $1,000, was credited to her account this year but she must pay an early withdrawal penalty if she cashes in the CD before next year. Which of the following is a true statement?A. Wilma must include the $1,000 of interest in her income this year. B. Wilma must include the $1,000 of interest in her income when she cashes the CD. C. Wilma must include the $1,000 of interest in her income this year only if the bank waives the early withdrawal penalty. D. Wilma must include the $1,000 of interest in her income next year if she does not pay the early withdrawal penalty. E. All of these

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Wilma has a $25,000 certificate of deposit (CD) at the local bank. The interest on this certificate,...

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