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2 8 Part 1 of 2 points Required Information [The following information applies to the questions displayed below) At the beginning of his current tax
2 8 Part 1 of 2 points Required Information [The following information applies to the questions displayed below) At the beginning of his current tax year, David Invests $13,160 In original issue U.S. Treasury bonds with a $10,000 face value that mature in exectly 25 years. David receives $620 In Interest ($310 every six months) from the Treasury bonds during the current year, and the yield to maturity on the bonds is 4.2 percent. Note: Round your Intermediate calculations to the nearest whole dollar amount a. How much Interest Income will he report this year if he elects to amortize the bond premium? Adjusted Basis ebook Semiannual Period of Bond at Interest Premkum Beginning of Racalved Amortization Semiannual Reported Interest Period 1 2 Yearly Total 12012 eBook Required Information (The following information applies to the questions displayed below] At the beginning of his current tax year, David Invests $13,160 in original issue US. Treasury bonds with a $10,000 face value that mature in exactly 25 years. David receives $620 in Interest ($310 every six months) from the Treasury bonds during the current year, and the yield to maturity on the bonds is 4.2 percent. Note: Round your Intermediate calculations to the nearest whole dollar amount. b. How much interest will he report this year if he does not elect to amortize the bond premium? interest Reported
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