During the Current Year, Vera Receives the Following Interest Payments

During the current year, Vera receives the following interest payments:
How much of the $3,675 Vera receives is taxable?
$$\begin{array} { l r } \text { Third National B ank Savings Account } & \$ 1,000 \\\text { Toaster oven received for opening the savings account } & 100 \\\text { Treasury B ond interest } & 2,000 \\\text { City of Nassau, Bahamas, bonds } & 500 \\\text { Interest from Federal income tax refund } & 75\end{array}$$

A) $2,100
B) $2,175
C) $3,100
D) $3,175
E) $3,675

Correct Answer:

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