KatieIhvanshayLove
KatieIhvanshayLove KatieIhvanshayLove
  • 24-03-2016
  • Social Studies
contestada

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

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Аноним Аноним
  • 27-03-2016
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
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origamirhino999
origamirhino999 origamirhino999
  • 11-10-2021

I think that the correct answer is income.

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