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Interest deposited into your savings account is an example of _____. a liability taxes capital gains income

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I think that the correct answer is income.

User Mycoola
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The correct answer is "income." Interest deposited into your savings account is an example of income. The difference between a cap gain and interest is that one is from equity and one is from debt. You essentially loaned money to the bank and they paid you for it, a liability. Equity is an investment with no obligation to be paid back
User Estanford
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