What is the amount of taxable interest reported on kennedys

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Reference no: EM132760015

Problem 1: The Kennedy's standard deduction on their 2020 tax return is $________.

Problem 2: What is the amount of taxable interest reported on the Kennedys' Form 1040?

A. $0

B. $30

C. $110

D. $140

Problem 3: What is the total net amount of capital gain or (loss) reported on Form 1040?

A. ($3,000)

B. $250

C. $10,680

D. $10,930

Reference no: EM132760015

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