Ne-mails, it is okay to send messages that are a. aggressive and mean-spirited in nature b. filled with text abbreviations, like lol and ttyl c. private in nature or contain secure information d. meant for company employees and executives

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?