From the following information Gary and Gladys invest in bonds. In the current year, they received the following interest: California general revenue bonds $ 800 New York City sanitation fund bonds 1,000 Seattle School District bonds 400 AT&T 20-year bonds 600 The state and local bonds are neither private activity bonds nor arbitrage bonds. How much interest income may Gary and Gladys exclude from gross income on their joint. Is the $600 taxable interest on the 1040 form? Is the $2200 tax-exempt interest on the 1040 form? Is the $600 part of the Part I Interest on the Schedule B 1040 form? Where on the schedule B 1040 form are the numbers enetred?