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What amount should uriah report as taxable interest income

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Reference no: EM132648250

In 2019, Uriah received the following interest payments:

Interest of $300 on an overpayment of 2018 Federal income taxes

Interest of $400 from his bank certificate of deposit.

Interest of $1,000 on municipal bonds

Interest of $1,500 on US savings bonds (Series HH)

Problem 1: What amount, if any, should Uriah report as taxable interest income on his 2019 individual income tax return?

a. $2,200

b. $3,200

c. $700

d. $0

e. None of these choices are correct.

Reference no: EM132648250

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