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Antonio Sanchez had taxable income of $35.950 in 2021. He will file a return using the single filling status. In 2021, he opened an interest bearing savings account and received Forms 1000-T showing he had earned $12.00 interest for the year. He must report the following amount of interest on his Form 1040 10 $10 $12 $24

Antonio Sanchez had taxable income of $35.950 in 2021. He will file a return using the single filling status. In 2021, he opened an interest bearing savings account and received Forms 1000-T showing he had earned $12.00 interest for the year. He must report the following amount of interest on his Form 1040 10 $10 $12 $24

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Antonio Sanchez had taxable income of $35,950 in 2021. He will file a return using the single filing status. In 2021, he opened an interest bearing savings account and received Form 1005-INT showing he had earned $12.00 interest for the year. He must report the following amount of interest on his Form 1040. 0000 11 30 $10 $12 $24
Transcribed Image Text:Antonio Sanchez had taxable income of $35,950 in 2021. He will file a return using the single filing status. In 2021, he opened an interest bearing savings account and received Form 1005-INT showing he had earned $12.00 interest for the year. He must report the following amount of interest on his Form 1040. 0000 11 30 $10 $12 $24
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