On January 1, 2019, Faye gave Todd, her son, a 36-month certificate of deposit she had purchased on December 31,
2017, for $8,638. The certificate had a maturity value of $10,000 and the yield to maturity was 5%. On November
30, 2019, ABC, Inc., had declared a dividend of $1.00 payable to stockholders of record on December 5th. How much interest and dividends should Todd include in his gross income for 2019?

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The Answer of On January 1, 2019, Faye gave Todd, her son, a 36-month certificate of deposit she had purchased on December 31,
2017, for $8,638. The certificate had a maturity value of $10,000 and the yield to maturity was 5%. On November
30, 2019, ABC, Inc., had declared a dividend of $1.00 payable to stockholders of record on December 5th. How much interest and dividends should Todd include in his gross income for 2019?

On January 1, 2019, Faye Gave Todd, Her Son, a 36-Month