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Llona invested $100,000 in an 18-month certificate of deposit. She needed to cash in the CD to meet some unexpected expenses. Llona earned $2,000 in interest income from the CD,…

Llona invested $100,000 in an 18-month certificate of deposit. She needed to cash in the CD to meet some unexpected expenses. Llona earned $2,000 in interest income from the CD,…
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2 votes
Llona invested $100,000 in an 18-month certificate of deposit. She needed to cash in the CD to meet some unexpected expenses. Llona earned $2,000 in interest income from the CD, but she only received $1,800 because the amount was reduced by a $200 penalty for early withdrawal. How will these amounts be treated for tax purposes?

asked
User Alexbw
by
7.4k points

1 Answer

3 votes

Answer:

1/2 IS ZERO

Step-by-step explanation:

JUST LITEN HAVE TROUBLE YEXT ME

answered
User Niana
by
7.9k points
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