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4. Danny received the following interest and dividend payments this year. What amount should Danny include in his gross income? Source Amount City of Atlanta

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4. Danny received the following interest and dividend payments this year. What amount should Danny include in his gross income? Source Amount City of Atlanta bond Interest $1.200 US Treasury bond interest 500 State of Georgia bond interest 1,000 Elis Company common stock dividend 400 Row Corporation bond interest 600 a $2.500 b. $1.500 c. $3,700 d. $2,200 C 2- 12.00 ESILO 36.000 Santys.com und wund 56.300 IS . 3.DOC 6. . 3. Fay ATA The dery 2.000 L. . 4. Ureyim wo 100 of the 6- Alberto 17.200 gr 6- George, an unmarried cash basis tanpayer, received the following amounts this year: Interest on savings accounts Interest on a state tax refund Interest on City of Salem school bonds Interest portion of proceeds of 5% bank certificate of deposit purchased last year on July 1 and matured on this year Dividends on US common stock 52,000 600 350 300 What amount should George report as possincome from dividends and interest this year? 74 4. Danny received the following interest and dividend payments this year. What amount should Danny include in his gross income? Source Amount City of Atlanta bond Interest $1.200 US Treasury bond interest 500 State of Georgia bond interest 1,000 Elis Company common stock dividend 400 Row Corporation bond interest 600 a $2.500 b. $1.500 c. $3,700 d. $2,200 C 2- 12.00 ESILO 36.000 Santys.com und wund 56.300 IS . 3.DOC 6. . 3. Fay ATA The dery 2.000 L. . 4. Ureyim wo 100 of the 6- Alberto 17.200 gr 6- George, an unmarried cash basis tanpayer, received the following amounts this year: Interest on savings accounts Interest on a state tax refund Interest on City of Salem school bonds Interest portion of proceeds of 5% bank certificate of deposit purchased last year on July 1 and matured on this year Dividends on US common stock 52,000 600 350 300 What amount should George report as possincome from dividends and interest this year? 74

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