During the current year, Vera receives the following interest payments:
Third National Bank Savings Account $1,000
Toaster oven received for opening the savings account 100
Treasury Bond interest 2,000
City of Nassau, Bahamas, bonds 500
Interest from Federal income tax refund 75
How much of the $3,675 Vera receives is taxable?

a. $2,100
b. $2,175
c. $3,100
d. $3,175
e. $3,675


e

Business

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