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

Question 95

Multiple Choice

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 refund 200 Gain on the sale of Madison County school bonds 500\begin{array} { l r } \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 must report gross income in the amount of:


A) $2,000.
B) $1,800.
C) $1,400.
D) $1,300.
E) None of these.

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