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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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