What is flora and earl investment income

Reference no: EM13499816

Flora and Earl (file jointly) received the following investment income in the current year:
Qualified dividends on Cargill stock $4,000
United States Treasury bonds $ 250
Interest on State of Oregon bonds $ 200
Interest on Federal tax refund $ 150
Interest on loan to Earl's niece 75

The loan to Earl's niece was at a market interest rate. Flora and Earl also received a $100 check for opening up a new brokerage account to buy the Cargill stock. What is Flora and Earl's investment income?

Reference no: EM13499816

Questions Cloud

Determine the angle between the violet ray and the red ray : A beam of sunlight encounters a plate of crown glass at a 36.50° angle of incidence. Find the angle between the violet ray and the red ray

Discuss the current business scenario of having a budget : Discuss the current business scenario of having a budget of $5000 to target. Can you envision a better strategy if the objective is to maximize the total profit from the campaign? Consider again what additional information you might want that shou..

Prepare a memo for your firm files describing the results : Emerald Corporation must change its method of accounting for Federal income tax purposes. The change will require that an adjustment to income be made over three tax periods.

Evaluate the empirical formula of the compound : Another sample of the same compound, of mass 4.14 g yielded 2.11 g of so3. A third sample of mass 5.66 g, yielded 2.27 g of hno3. Calculate the empirical formula of the compound.

What is flora and earl investment income : The loan to Earl's niece was at a market interest rate. Flora and Earl also received a $100 check for opening up a new brokerage account to buy the Cargill stock. What is Flora and Earl's investment income?

Explain a typical breathing cycle the co2 concentration : During a typical breathing cycle the CO2 concentration in the expired air rises to a peak of 4.6% by volume.

Explain how depreciation relates to the matching principle : Explain how depreciation relates to the matching principle.

How can it exert enough force on a leaf of grass : If you hold a horizontal metal bar several centimeters above the ground and move it through grass, each leaf of grass bends out of the way. How can it exert enough force on a leaf of grass to shear it off

What is ron adjusted gross income for 2014 : Ron, age 19, is a full-time graduate student at City University and Resident Adviser. During 2014, he received the following payments

User Account

All Pages