Cathy has a savings account at Wells Fargo, where she received $600 in interest. She also has

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Cathy has a savings account at Wells Fargo, where she received $600 in interest. She also has savings at Navy Federal Credit Union, where she received $350 in dividends. Where should this income be reported on Form 1040?

a) $600 on line 8a and $350 on line 9a

b) $950 on line 8a

c) $600 on Part I of Schedule B and $350 on Part II of Schedule B

d) $600 on line 8a and $350 on line 8b

Related Book For answer-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: Oct 30, 2020 10:30 PM

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Cathy has a savings account at Wells Fargo, where she received $600 in interest. She also has

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On Form 1040 the income should be rep... View the full answer

Mathematical Applications for the Management Life and Social Sciences

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