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Scott received 1099-INT statements for all of the following interest receipts: Tesla, Inc bonds $2,420 City of Charlotte bonds $ 949 U.S. Treasury bonds $
- Scott received 1099-INT statements for all of the following interest receipts:
- Tesla, Inc bonds $2,420
- City of Charlotte bonds $ 949
- U.S. Treasury bonds $ 180
- State of South Carolina bonds $ 300
What amount of interest income must Scott include in his taxable income?
| a. | $3,849 | |
| b. | $1,249 | |
| c. | $2,420 | |
| d. | $2,600 |
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
3rd Canadian edition
1-119-40285-5, 111940276X, 978-1119566007
