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Lily's interest and gains on investments for the current year are as follows: $350 Interest on City of New York bonds 500 Interest on U.S.

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Lily's interest and gains on investments for the current year are as follows: $350 Interest on City of New York bonds 500 Interest on U.S. government savings bonds 100 Interest on a state tax refund 400 Gain on the sale of City of New York bonds What is the amount of Federal gross income Lily must report? O $1,000 O $1,350. O $600. $500

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