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What amount should Danny include in his gross income

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Problem - Danny received the following interest and dividend payments this year. What amount should Danny include in his gross income?

Source Amount

City of Atlanta bond interest $1,200

U.S. Treasury bond interest 500

State of Georgia bond interest 1,000

Ellis Company common stock dividend 400

Row Corporation bond interest 600

a. $2,500

b. $1,500

c. $3,700

d. $2,200

Reference no: EM132655727

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