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Heather's Interest and Gains on Investments for the Current Year

Question 81

Short Answer

Heather's interest and gains on investments for the current year are as follows:
 Interest on Madison County school bonds $600 Interest on U.S. government bonds 700 Interest on a Federal income tax refund200Gain on the sale of Madison County school bonds 500\begin{array}{llr} \text { Interest on Madison County school bonds } &\$600\\ \text { Interest on U.S. government bonds } &700\\ \text { Interest on a Federal income tax refund} &200\\ \text {Gain on the sale of Madison County school bonds } &500\\\end{array}

 Heather’s gross income from the above is: \text { Heather's gross income from the above is: }
A) $2,000 \$ 2,000 .
B) $1,800 \$ 1,800 .
C) $1,400 \$ 1,400 .
D) $1,300 \$ 1,300 .
E) None of the above

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