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    Taxation of Individuals
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    Exam 5: Gross Income and Exclusions
  5. Question
    Mike Received the Following Interest Payments This Year
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Mike Received the Following Interest Payments This Year

Question 63

Question 63

Multiple Choice

Mike received the following interest payments this year. What amount must Mike include in his gross income (for federal tax purposes) ? Mike received the following interest payments this year. What amount must Mike include in his gross income (for federal tax purposes) ?   A) $1,450 B) $2,300 C) $2,650 D) $3,550 E) $4,400


A) $1,450
B) $2,300
C) $2,650
D) $3,550
E) $4,400

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