George, an unmarried cash basis taxpayer, received the following amounts this year: Interest on savings accounts$2,000 Interest on a state tax refund600 Interest on City of Salem school bonds350 Interest portion of proceeds of a 5% bank certificate of deposit purchased last year on July 1 and matured on June 30 of this year250 Dividends on USG common stock300 What amount should George report as gross income from dividends and interest this year? a.$2,300. b.$3,500. c.$2,550. d.$3,150. e. None of these choices are correct.
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George, an unmarried cash basis taxpayer, received the following amounts this year: Interest on savi...
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