Business, 05.11.2020 18:50 MysteryDove12

Jay received the following fair market value amounts during the current year: Interest on Montgomery County bonds (used to build a bridge) $100 Interest on U. S. Treasury notes 200 Gain on sale of Montgomery County bonds 300 Common stock dividend in IBM Corporation common stock (no cash option) 400. What amount of taxable income should Jay report from these amounts?

a. $200
b. $300
c. $400
d. $500
e. $1,000

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Jay received the following fair market value amounts during the current year: Interest on Montgomery...

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