U.S.tax laws allow taxpayers,in computing the amount of tax they owe,to use the real value,as opposed to the nominal value,of
A)both interest income and capital gains.
B)interest income but not capital gains.
C)capital gains but not interest income.
D)neither interest income nor capital gains.

Question

Quizplus · Accepted Answer

U.S. tax laws require taxpayers to report nominal values for both interest income and capital gains, not adjusted for inflation.

USTax Laws Allow Taxpayers,in Computing the Amount of Tax They