DEVRY ACCT 553 Final Exam Check this A+ tutorial guideline at http://www.assignmentclick.com/acct553/acct-553-final-exam For more classes visit http://www.assignmentclick.com ACCT 553 Final Exam 1. (TCO E) Zelda Zayer has been a widow for over 3 years and files a return as a single taxpayer. Items of income received by Zelda in 2011 were as follows. Interest on savings account with Bank of America: $50 Interest on state income tax refund: $25 Gambling winnings: $2,400 Dividends from mutual life insurance company on life insurance policy: $500 Dividends from Better Auto Co. received on January 2, 2011: $875 The total dividends received on the life insurance policy do not exceed the aggregate of the premiums paid to the company. (a) How much should Zelda include in her 2011 taxable income as interest? (b) How much should Zelda report as dividend income for 2011? (c) How much should Zelda include in taxable “Other Income” for her state lottery winnings?