Daniel Kelly received interest income from the following sources during the current year - New York Port Authority Bonds : $1,000 - Puerto Rico Commonwealth bonds : $1,800 What portion of such interest is tax exempt?

Daniel Kelly received interest income from the following sources during the current year - New York Port Authority Bonds : $1,000 - Puerto Rico Commonwealth bonds : $1,800 What portion of such interest is tax exempt?

Daniel Kelly received interest income from the following sources during the current year
- New York Port Authority Bonds : $1,000
- Puerto Rico Commonwealth bonds : $1,800
What portion of such interest is tax exempt?





a. $0
b. $1,000
c. $1,800
d. $2,800




Answer: D