Question: On September 2 2 , 2 0 2 4 , Jerry purchases a corporate bond. The bond pays interest every six months on June 3

On September 22,2024, Jerry purchases a corporate bond. The bond pays interest every six months on June 30 and December 31 of each year. On December 31,2024, Jerry receives an interest payment of $400. The amount of interest Jerry will need to include in gross income is:

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