Wilma has a $30,000 certificate of deposit (CD) at the local bank. The interest on this certificate, $2,100, was credited to her account this year, but she must pay an early withdrawal penalty if she cashes in the CD before next year. Which of the following is a true statement?

Multiple Choice

Wilma must include the $2,100 of interest in her income this year.

Wilma must include the $2,100 of interest in her income when she cashes the CD.

Wilma must include the $2,100 of interest in her income this year only if the bank waives the early withdrawal penalty.

Wilma must include the $2,100 of interest in her income next year if she does not pay the early withdrawal penalty.

All of the choices are correct.