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Trava [24]
3 years ago
9

Heather's interest and gains on investments for the current year are as follows:

Business
1 answer:
Leviafan [203]3 years ago
5 0

Answer:

c. $1,400

Explanation:

Gross income

= Interest on U.S. government bonds + Interest on a Federal income tax refund  + Gain on the sale of Madison County school bonds  

= $700 + $200 + $500

= $1,400

Therefore, Heather must report gross income in the amount of $1,400.

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