Mike Received the Following Interest Payments This Year A)$2,650
B)$2,350
C)$2,050
D)$2,300
E)$3,500

question 63

Multiple Choice

Mike received the following interest payments this year.What amount must Mike include in his gross income (for federal tax purposes) ? $\begin{array}{ll}\text { Bond }&\text { Interest. }\\\text { General Motors}&\$1,450 \\\text { City of New York}&900 \\\text { State of New Jersey}&1,200 \\\text { U.S. Treasury}&850\end{array}$

• A)$2,650
• B)$2,350
• C)$2,050
• D)$2,300
• E)$3,500

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Definitions:

National Labor Relations Board

A U.S. federal agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

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The process by which employees of a workplace vote on whether to have a union represent them in collective bargaining with their employer.

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Actions by employers or unions that violate the rights of employees as defined by labor laws or agreements.

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The body of laws, regulations, and judicial precedents that address the legal rights of, and restrictions on, working people and their organizations in the United States.