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During 2018, Montoya (age 15) received $2,300 from a corporate bond. He also received $700...

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Question

Accounting

During 2018, Montoya (age 15) received $2,300 from a corporate bond. He also received $700 from a savings account established for him by his parents. Montoya lives with his parents and he is their dependent. What is Montoya's taxable income?

Multiple Choice

$0

$2,300

$3,000

$1,950

Answer & Explanation Solved by verified expert
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