Problem 2-33 Interest and Dividend Income (LO 2.2) Sally and Charles Heck received the following dividends...

Problem 2-33
Interest and Dividend Income (LO 2.2)

Sally and Charles Heck received the following dividends and interest during 2017:

	*Sally*	*Charles*	*Jointly*
Qualifying dividends:
Altus Inc.	$2,000
Buller Corporation		$350
Gene Corporation			$3,100
Devona Corporation		850
Interest:
Porcine Bank			1,245
River Bank			650
City of New York Bonds		$100

Go to the IRS Web site (www.irs.gov) and using the most recent interactive "Fill-in Forms", review Schedule B to determine the total taxable interest and dividends. Check with your instructor to determine if you are required to submit the form.

What is the amount on line 4? $ On line 6? $

Expert Solution

Total on line 4 = 1895

Total on line 6 = 0

ekkarill92 answered 1 year ago

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