Doug and Pattie Received the Following Interest Income in the Current

question 98

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.

---

Definitions:

South Korean

Pertaining to South Korea, its people, culture, or characteristics.

Middle Childhood

A developmental stage typically referring to children aged 6-12 years, characterized by significant growth in cognitive, social, and physical abilities.

Social Intelligence

The capacity to understand and manage interpersonal relationships and navigate social environments.

Ifaluk of Micronesia

A cultural group residing in the Federated States of Micronesia, known for their unique social practices and way of life.