Question
in February 2022, Jasmine invested $1,000 and a 5-year certificate of deposit. she withdrew $250 in September of 2022. select the statement that best describes
in February 2022, Jasmine invested $1,000 and a 5-year certificate of deposit. she withdrew $250 in September of 2022. select the statement that best describes the consequences of her withdrawal. the bank will charge Jasmine a penalty which she may report as an adjustment to income on her tax return. the bank will charge Jasmine a penalty which she must report as interest income on her tax return. bank will charge Jasmine a penalty which you must report as an itemized deduction on her tax return. Jasmine must report the difference between interest income received and the early withdrawal penalty as interest income on her tax return
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