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How much taxable interest income must mr kim report

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Reference no: EM132812005

Mr. Kim received the following income:

  1. $300 in interest credited to bank account but not withdrawn during the year
  2. $3,000 in interest received as a beneficiary in a trust
  3. $200 in interest on a bond issued by the State of California
  4. $800 bond interest, City of New York bond

Problem 1: How much taxable interest income must Mr. Kim report on his tax return?

a. $1,000

b. $0

c. $3,200

d. $3,300

Reference no: EM132812005

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