William sent the following information to his accountant for review: *Interest earned on a certificate of deposit
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Question:
William sent the following information to his accountant for review:
*Interest earned on a certificate of deposit = $4,000
*Interest earned on United States Treasury bonds = $15,000
*Interest earned on City of Jacksonville, FL bonds = $7,500
What amount will the accountant include in William's taxable income on his Schedule B?
a. 11,500
b. 4,000
c. 19,000
d. 26,500
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