Question
Antonio Sanchez had taxable income of $35,950 in 2021. He will file a return using the single filing status. In 2021, he opened an interest-bearing
Antonio Sanchez had taxable income of $35,950 in 2021. He will file a return using the single filing status. In 2021, he opened an interest-bearing savings account and received Form 1099-INT showing he had earned $12 of interest for the year. What amount of interest must he report on his Form 1040?
$0
$10
$12
$24
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
8th Edition
0324065914, 9780324065916
