Doug and Pattie Received the Following Interest Income in the Current

question 50

Multiple Choice

Doug and Pattie received the following interest income in the current year: 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 the above.