Use the following two columns of items to answer the matching questions below:
-tax return
A)interest earned from savings and debt securities
B)forms used to report interest and deductions
C)reportable income from any source
D)earnings from stocks
E)selling an asset for more than it cost

Question

Quizplus · Accepted Answer

Tax return forms are used to report interest and deductions.

Answer: C
 Tax returns report reportable income from any source.

Answer: A
 Interest earned from savings and debt securities is reported on a tax return.

Answer: D
 Earnings from stocks are also reported on a tax return.

Answer: E
 Selling an asset for more than it cost can result in a capital gain, which would need to be reported on a tax return.

Use the Following Two Columns of Items to Answer the Matching