Bill and Betty Brown received the following dividend and interest income during 2010:

The Browns have taxable income, including dividends and interest, of $40,000.
Complete Form 1040, Schedule B, and the tax calculation worksheet on pages 2-7 and 2-8 for the Brown’s 2010 tax year.

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Bill Received by Betty Jointly Dividends (all qualified for new rates): IBM $275 $175 GM $ 450 AT&T 450 300 Interest: Ford Bonds Big Savings and Loan U.S. Bonds 425 2,150 175 Nontaxable Distribution: Western Gas & Electric 875 Totals $725 $900 $3,650