Doug and Pattie Received the Following Interest Income in the Current

question 17

Multiple Choice

Doug and Pattie received the following interest income in the current year:
Savings account at Greenbacks Bank
$4,000
United States Treasury bonds
250
Interest on State of Iowa bonds
200
Interest on Federal tax refund
150
Interest on state income tax refund
75
​
Greenbacks Bank also gave Doug and Pattie a cellular phone (worth $100) for opening the savings account.What amount of interest income should they report on their joint income tax return?

• A)$4,775.
• B)$4,675.
• C)$4,575.
• D)$4,300.
• E)None of these.

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Definitions:

Stability And Change

Concepts referring to the persistence of certain characteristics or conditions over time and the evolution or modification of others.

Developmental Issue

A problem or challenge that arises during the growth or progression of an organism or a process.

Life Span

The maximum duration of life of a living organism or the period during which an individual is alive, from birth to death.

Violent As An Adult

Refers to exhibiting behaviors that inflict harm onto others or self, often seen in individuals with certain unresolved issues from earlier in life.