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Given a situation that you have a savings account at a bank, which of the following statements would be correct concerning the capital gains (
Given a situation that you have a savings account at a bank, which of the following statements would be correct concerning the capital gains interest that you would earn on this account
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Sales tax may be charged on the interest that you earn
Earnings from savings account interest may not be taxed
You cannot earn interest until you pass your th birthday
Income tax may be charged on the interest if your income is high enough
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