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Will received the following interest and dividend payments this year. What amount should Will include in his federal gross income? City of Greenwood bond interest
Will received the following interest and dividend payments this year. What amount should Will include in his federal gross income? City of Greenwood bond interest $1,200 U.S. Treasury bond interest 500 State of Kentucky bond interest 1,000 Mutual Corporation bond interest 600 Sale of Kentucky bond for a profit of 200 What amount should Will include in his gross income? a. Zero b. 1,100 c. 1,300 d. 2,200 e. 3,500
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