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

question 54

Multiple Choice

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

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Definitions:

Blood

A vital liquid in humans and animals that delivers necessary substances such as nutrients and oxygen to cells, and transports metabolic waste products away.

Mother's Blood

The blood circulating in a pregnant woman that provides nutrients and oxygen to the developing fetus.

Gestational Diabetes

A condition in which a woman without diabetes develops high blood sugar levels during pregnancy.

Glucose Challenge Screening

A screening test for gestational diabetes that measures body's response to sugar ingested, usually performed during pregnancy.