Mr. and Mrs. Maynard received the following in the current year: Interest on a state of...
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Mr. and Mrs. Maynard received the following in the current year: Interest on a state of New Jersey bond = $1,500 Cash payment for opening a savings account = $50 Interest on U.S. Treasury bills = $2,000 Interest on a state income tax refund = $200 What amount of interest income should Mr. and Mrs. Maynard report on their current-year joint tax return? Mr. and Mrs. Maynard received the following in the current year: Interest on a state of New Jersey bond = $1,500 Cash payment for opening a savings account = $50 Interest on U.S. Treasury bills = $2,000 Interest on a state income tax refund = $200 What amount of interest income should Mr. and Mrs. Maynard report on their current-year joint tax return?
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Answer rating: 100% (QA)
Mr and Mrs Maynard should report a total interest income of 3700 on ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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