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Mr. and Mrs. Maynard received the following in the current year:Interest on a state of New Jersey bond = $1,500
Cash payment for opening a savings account = $50
Interest on U.S. Treasury bills = $2,000
Interest on a state income tax refund = $200
Problem 1: What amount of interest income should Mr. and Mrs. Maynard report on their current-year joint tax return?
Group of answer choices
Option 1: $2,250
Option 2: $1,750
Option 3: $3,700
Option 4: $3,750
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