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(TCOs 1, 2, 3, and 5) George, an unmarried cash basis taxpayer, received the following amounts during the year: Interest on savings accounts $2,400 Original
(TCOs 1, 2, 3, and 5) George, an unmarried cash basis taxpayer, received the following amounts during the year:
Interest on savings accounts
$2,400
Original issue discount on a certificate of deposit purchased on July 1, 2010, and matured on June 30, 2011
$1,200
Dividends on USG common stock
$200
Interest on U.S. government bonds
$300
Interest on City of Radford school bonds
$600
What amount should George report as gross income from dividends and interest for the year?
$4,700
$4,100
$3,800
$3,600
None of the above
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