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Marlene, a cash basis taxpayer, savings bonds and bank certificates of dep asis taxpayer, invests...

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Accounting

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Marlene, a cash basis taxpayer, savings bonds and bank certificates of dep asis taxpayer, invests in Series EE U.S. government and bank certificates of deposit (CDs). Determine the tax consequences of the following on her 2019 gross income. If an amount is zero, enter "0". a. On September 30, 2019, she cashed ember 30, 2019, she cashed in Series EE bonds for $10,000. She purchased the bonds in 2009 for $7,090. The a the bonds in 2009 for $7,090. The yield to maturity on the bonds was 3.5%. Series EE bonds are to the original issue discount rules. Her 2019 gross income from the bonds is $1 9. On July 1, 2018, she purchased a CD for $10,000. The CD matures on June 30, 2020, and will pay $10,816, thus yielding a 4% annual return. The CD is to the original issue discount rules. Her 2019 gross income from the CD is $ c. On July 1, 2019, she purchased a CD for $10,000. The maturity date on the CD was June 30, 2020, when Marlene would receive $10,300. The CD is to the original issue discount rules. Her 2019 gross income from the CD is $1

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