Question
1) Antonio Sanchez had taxable income of $35,950 in 2021. He will file a return using the single filing status. In 2021, he opened an
1) Antonio Sanchez had taxable income of $35,950 in 2021. He will file a return using the single filing status. In 2021, he opened an interest-bearing savings account and received Form 1099-INT showing he had earned $12 of interest for the year. What amount of interest must he report on his Form 1040?
1. $0
2. $10
3. $12
4. $24
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
