Christina Ruiz provides you with the following information regarding her investment income. Interest received: Cavendar State Bank

Question:

Christina Ruiz provides you with the following information regarding her investment income.

Interest received:

Cavendar State Bank checking account .........................$ 43

Federal Employee’s Credit Union ....................................881

City of Singapore bonds ...................................................990

New Jersey Urban Development bonds ........................382

Dividends received:

Ford Motor Company ..................................................$ 120

New Core preferred stock .............................................220

Northwestern Publishing Inc. .......................................400

In addition, Northwestern Publishing Inc. issued a 5 percent stock dividend on August 15. Christina received 25 dividend shares, which were trading at $23 per share on August 15. Prepare Christina’s Schedule B. Her Social Security number is 568-33-2541. Forms and instructions can be downloaded from the IRS website (www.irs.gov).

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Concepts In Federal Taxation 2021

ISBN: 9780357141212

28th Edition

Authors: Kevin E. Murphy, Mark Higgins, Randy Skalberg

Question Posted: