Mike Received the Following Interest Payments This Year A) $2,650
B) $2,350
C) $2,050
D) $2,300
E) $3,500

Mike received the following interest payments this year. What amount must Mike include in his gross income (for federal tax purposes) ? $\begin{array} { l r } { \underline { \text { Bond } } } & \underline { \text { Interest } } \\\text { General Motors } & \$ 1,450 \\\text { City of New York } & 900 \\\text { State of New Jersey } & 1,200 \\\text { U.S. Treasury } & 850\end{array}$

A) $2,650
B) $2,350
C) $2,050
D) $2,300
E) $3,500