Question: A taxpayer filing as Single has $ 2 5 , 6 0 0 of taxable income. Included in gross income is a 1 0 9

A taxpayer filing as Single has $25,600 of taxable income. Included in gross income is a 1099-INT with Box 1 interest income of $5,000, tax-exempt inter
of $3,000, and imerest on us. savings bonds of $1,200.
Additionally, the taxpayer has a 1099-DIV with dividend income of $3,000, of which $2,000 is qualified dividends, and capital gains distributions of $500.
Is the following statement accurate about this scenario?
The total taxable interest and dividends on the federal tax return is $9,200.
 A taxpayer filing as Single has $25,600 of taxable income. Included

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