In the U.S. ,people are required to pay taxes on
A)nominal interest earnings,irrespective of their real interest earnings.
B)real interest earnings,irrespective of their nominal interest earnings.
C)real capital gains,irrespective of their nominal capital gains.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

In the U.S., taxes are paid on nominal interest earnings, which are the actual interest amounts received, without adjusting for inflation. Real interest earnings, which account for inflation, are not the basis for taxation.

In the US ,People Are Required to Pay Taxes on