Henry Adams, an unmarried taxpayer, received the following amounts during 2016: Interest on savings accounts $1,000 Interest on municipal bonds used for road construction 500 Dividends on General Steel common stock 750 Dividends on life insurance policies (cumulative dividends do not exceed premiums) 200 Adams should report taxable income, after exclusions, if any, from dividends and interest for 2016 in the total amount of
a. $1,750
b. $1,950
c. $2,250
d. $1,450
Ans: a. $1,750
Business
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