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Business, 19.10.2019 05:20 littledogy13

George, an unmarried cash basis taxpayer, received the following amounts during 2016: interest on savings accounts$2,000interest on a state bond600interest on city of salem school bonds350interest portion of proceeds of a 5% bank certificate of deposit purchased on july 1, 2015, and matured on june 30, 2016250dividends on usg common stock300what amount should george report as gross income from dividends and interest for 2016? a. $2,550b. $3,500c. $3,150d. $2,300e. none of these choices are correct.

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George, an unmarried cash basis taxpayer, received the following amounts during 2016: interest on sa...
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