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Mike received the following interest payments this year. What amount must Mike include in his gross income (for federal tax purposes)? a) $1,450 b) $3,550
Mike received the following interest payments this year. What amount must Mike include in his gross income (for federal tax purposes)?
a) $1,450
b) $3,550
c) $2,650
d) $4,400
e) $2,300
Bond General Motors City of New York State of New Jersey U.S. Treasury Interest $1,450 900 1,200 850Step by Step Solution
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