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9. All of the following statements are true except A) Under the cash method, prepaid income such as rent is usually taxed when received rather
9. All of the following statements are true except A) Under the cash method, prepaid income such as rent is usually taxed when received rather than when earned. B) Municipal bond interest is taxable. C) Alimony received by the taxpayer is taxable. D) Income earned by selling goods on the Internet are taxable.
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