Question: A taxpayer filing a single has $ 2 5 , 6 0 0 of taxable income included in gross income is a 1 0 9

A taxpayer filing a single has $25,600 of taxable income included in gross income is a 1099 INT with box one interest income of $5000 tax exempt interest of $3000 and interest on saving bonds of $1200. Additionally, the taxpayer has a 1099 DB with dividend income of $3000 of which $2000 is qualified dividends and capital gains distributions of $500. The total taxable interest and dividends on the federal tax return is $9200 yes or no

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