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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 1099-INT showing he had earned $12 of interest for the year. What amount of interest must he report on his Form 1040? $0 $10 $12 $24

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 1099-INT showing he had earned $12 of interest for the year. What amount of interest must he report on his Form 1040? $0 $10 $12 $24

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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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 1099-INT showing he had earned $12 of interest for the year. What amount of interest must he report on his Form 1040? $0 $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 1099-INT showing he had earned $12 of interest for the year. What amount of interest must he report on his Form 1040? $0 $10 $12 $24
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