Multiple Choice
In 2017,Uriah received the following interest payments:
Interest of $300 on an overpayment of 2016 Federal income taxes
Interest of $400 from his bank certificate of deposit.
Interest of $1,000 on municipal bonds
Interest of $1,500 on United States savings bonds (Series HH)
What amount,if any,should Uriah report as taxable interest income on his 2017 individual income tax return?
A) $0
B) $700
C) $2,200
D) $3,200
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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