In 2016, Uriah Stone received the following interest payments: Interest of $400 on refund of federal income tax for 2015 Interest of $300 on award for personal injuries sustained in an automobile accident during 2015 Interest of $1,500 on municipal bonds Interest of $1,000 on United States savings bonds (Series HH) What amount, if any, should Stone report as interest income on his 2016 tax return?
a. $700
b. $3,200
c. $1,700
d. $0
Ans: c. $1,700
Business
You might also like to view...
___________ is a technique for managing conict in which managers use authority to declare that conict is ended.
Fill in the blank(s) with the appropriate word(s).
Business
Served market share ________
A) expresses the company's sales as a percentage of total market sales B) is sales as a percentage of the total sales to the market C) is market share in relationship to the largest competitor D) is always smaller than overall market share E) measures the relative contribution of different factors to a gap in sales performance
Business