Elsie elmers wife did not own any of the virginiana mutual, Ask an Expert

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Elsie, Elmer's wife, did not own any of the Virginiana Mutual Fund shares, but she did receive $175 in interest on a savings account at the Moss National Bank and $1,475 in interest on California Municipal Bonds. Elmer and Elsie filed a joint income tax return for 2010. What amount is reportable as interest income?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M970519

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