Register
A taxpayer cashes in a certificate of deposit early and incurs a penalty. Where is the penalty deducted from income?
92.2k views
3 votes
A taxpayer cashes in a certificate of deposit early and incurs a penalty. Where is the penalty deducted from income?

User Shmuelp
by
5.3k points

1 Answer

3 votes

Answer:

this question is incorrect.

Step-by-step explanation:

  • if u pay early an incentive should be given.
User Shihab Uddin
by
4.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.2m questions

6.7m answers

Other Questions

Decker Tires' free cash flow was just FCF0 = $1.32. Analysts expect the company's free cash flow to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The WACC
Misk Co. purchased the following securities during 20X7 to be classified as held-to-maturity securities, trading securities, or available-for-sale securities: I. Debt securities bought and held for the
Risa has to work long hours and sometimes weekends, losing out on family time. Risa doesn't find her long hours overly stressful, but rather she sees it as her contribution to maintaining her family's
Explain the similarities and differences between how both producers and consumer use money
Donna's philosophy as she coordinates the marketing efforts is to keep in mind the company's overarching strategy, and to ensure that all marketing activities send a consistent message, beginning with
Link Copied!