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What is the amount of interest income

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Problem - Betty Brewster received the following interest payments.

Luggage gift for purchasing a 4-year certificate of deposit (fair-market value): $50

Interest on passbook savings account: $15

Interest on certificate of deposit: $200

Dividends on share account savings in credit union: $150

Interest on State of Mississippi bonds issued to finance state highway construction: $300

Required - What is the amount of interest income to be included in income?

Reference no: EM132456455

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