Choose the Word or Phrase in [ ] Which Will

question 131

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Investment assets are required to [earn a return | provide a service].

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Definitions:

Form 1099-INT

A tax form used in the United States to report interest income from banks and other financial institutions.

Financial Institution

Organizations that conduct financial transactions, such as banks, credit unions, insurance companies, and investment firms.

Alimony

Payments made to a spouse or ex-spouse under a divorce or separation agreement. It is considered taxable income for the recipient and tax deductible for the payor.

Divorce Agreement

A legal document outlining the division of assets, spousal support, and other arrangements agreed upon by individuals undergoing a divorce.