49

Determine Hazel's gross income from the following receipts for the year: Gain on sale of Augusta County bonds $800 Interest on U.S. government savings bonds 400 Interest on state income tax refund 200 Interest on Augusta County bonds 700 Patronage dividend from Potato Growers Cooperative 350 The patronage dividend was received in March of the current year for amounts paid for her (nondeductible) garden and lawn supplies