Question
Determine Hazels gross income from the following receipts for the year: Gain on sale of Augusta County bonds $800 Interest on U.S. government savings bonds
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 Coooperative | 350 |
The patronage dividend was received in March of the current year for amounts paid for her (nondeductible) garden and lawn supplies.
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