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-10 28 1 point On 1 January of this year, Taxpayer purchased a corporate bond with a maturity value of $60,000 on the secondary market
-10 28 1 point On 1 January of this year, Taxpayer purchased a corporate bond with a maturity value of $60,000 on the secondary market for $57,000. The bond has a stated interest rate of 5 percent with interest payables on 20 June and 31 December each year. The bond matures on 31 December 2022. Absent any special elections, determine how much interest income will Taxpayer report from the bond in 2022, the year the bond matures
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