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Question 3 George, an unmarried cash basis taxpayer, received the following amounts this year: Interest on savings accounts Interest on a state tax refund
Question 3 George, an unmarried cash basis taxpayer, received the following amounts this year: Interest on savings accounts Interest on a state tax refund $2,000 600 350 Interest on City of Salem school bonds Interest portion of proceeds of a 5% bank certificate of deposit purchased last year on July 1 and matured on June 30 of this year 250 300 Dividends on USG common stock What amount should George report as gross income from dividends and interest this year? a. $2,300. Ob. $2.550. Oc. $3.150. Od. $3.500. A Moving to another question will save this response.
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