Mike Received the Following Interest Payments This Year A)$2,650
B)$2,350
C)$2,050
D)$2,300
E)$3,500

Multiple Choice

Mike received the following interest payments this year.What amount must Mike include in his gross income (for federal tax purposes) ? $\begin{array}{llcc} \quad\quad\quad\quad\quad \text { Bond } & \text { Interest } \\ \text { General Motors } &\$1,450\\ \text { City of New York } &900\\ \text { State of New Jersey } &1,200\\ \text { U.S. Treasury} &850\\\end{array}$

A) $2,650
B) $2,350
C) $2,050
D) $2,300
E) $3,500