Trisha's income from her investments for the current year was as follows:
Interest on Albany tax return $2,000
Gain on the sale of Albany County school bonds 3,000
Interest on Albany County school bonds 5,500
Interest received during the year on U. S. Government bonds 6,500
Total $17,000
Trisha's gross income from the above is:
a. $5,000.
b. $11,500.
c. $14,000.
d. $17,000.
e.None of the above.
Answer: B. $11,500