31. If you had a savings account at a bank, which of the following would be correct concerning the interest that you would earn on this account?
a.) Earnings from savings account interest may not be taxed.
b.) Income tax may be charged on the interest if your income is high enough. Interest payments, whether they come from dividends or interest payments are taxable, provided you earn enough income in a given year to be taxed.
c.) Sales tax may be charged on the interest that you earn.
d.) You cannot earn interest until you pass your 18th birthday.
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