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What amount of interest income should maynard report

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Reference no: EM132823900

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

Reference no: EM132823900

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