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Deborah, who is single, is having financial trouble and stopped paying her VISA credit card. After several months the credit company worked out a payment plan with her. She has a $10,000 balance and is required to pay $100 a month for five years. The total payments amount to a flat $6,000 with no interest or finance charges. Deborah does not have to report income for the $4,000 that she does not have to repay.

O True
O False

1 Answer

7 votes
The answer to the question is true
User Thegreyspot
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