4- A taxpayer filing as Single has $25,600 of taxable income. Included in gross income is a 1099-INT with Box 1 interest income of $5,000, tax-exempt interest of $3,000, and interest on U.S. savings bonds of$1,200.

Additionally, the taxpayer has a 1099-DIV with dividend income of $3,000, of which $2,000 is qualified dividends, and capital gains distributions of $500.

Is the following statement accurate about this scenario?

The total taxable interest and dividends on the federal tax return is $9,200.