The loan to earls niece was at a market interest rate flora


Flora and Earl (file jointly) received the following investment income in the current year:
Qualified dividends on Cargill stock $4,000
United States Treasury bonds $ 250
Interest on State of Oregon bonds $ 200
Interest on Federal tax refund $ 150
Interest on loan to Earl's niece 75

The loan to Earl's niece was at a market interest rate. Flora and Earl also received a $100 check for opening up a new brokerage account to buy the Cargill stock. What is Flora and Earl's investment income?

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Accounting Basics: The loan to earls niece was at a market interest rate flora
Reference No:- TGS0767753

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