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ACC - Flora and Earl investment income Calculation




Question;Flora and Earl (file jointly) received the following investment income in the current year:Qualified dividends on Cargill stock $4,000United States Treasury bonds $ 250Interest on State of Oregon bonds $ 200Interest on Federal tax refund $ 150Interest on loan to Earl's niece 75The loan to Earl's niece was at a market interest rate. Flora and Earl also received a $100 check for opening up a new brokerage account to buy the Cargill stock. What is Flora and Earl's investment income?


Paper#39860 | Written in 18-Jul-2015

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