George,an unmarried cash basis taxpayer,received the following amounts during 2011: What amount should George report as gross income from dividends and interest for 2011?

Name: George,an unmarried cash basis taxpayer,received the following amounts during 2011: What amount should George report as gross income from dividends and interest for 2011?
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Question

George,an unmarried cash basis taxpayer,received the following amounts during 2011:  What amount should George report as gross income from dividends and interest for 2011?

Quizplus · Accepted Answer

George received $2,500 in dividends and $2,750 in interest. The gross income from dividends and interest is the sum of these two amounts, which is $5,250.

George,an Unmarried Cash Basis Taxpayer,received the Following Amounts During 2011