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View History Bookmarks Profiles Tab Window Help Intuit Academy: Tax Level 1 E X GLIDER X Roth IRA distribution rules X der.ai/Ind/assignment/YFA4jPFLsNjbJPGgT/262906/gHrSjtepn52GK4L33 of 50 Flag Jump to Qs Z 01:02: 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 interest of $3,000, and interest on U.S. 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? Is this a correct option ? A The interest on the U.S. savings bonds may only be taxed on up to 85% of its value. This question may have more than one sub-question, which will be delivered one at a time on confirmation of your answer. Yes No O. Q U DI A F3 F11 @ * W # N A 6 8 O Q W E R T Y U O P A S D F G H J K