What is the total interest income Marie and Arturo should report on Form 1040, Schedule B, Part I?

To determine the total interest income that Marie and Arturo should report on Form 1040, Schedule B, Part I, it's essential to add up all the interest income from different sources. In this context, if you consider common scenarios, they may have interest from various accounts like bank savings accounts, certificates of deposit, or bonds.

The correct total of $1,560 signifies that this amount represents the cumulative interest from these sources. Each specific interest-bearing account contributes a portion to this total, which likely involves reviewing bank statements or tax documents provided by financial institutions to ensure all interest is accurately accounted for.

Without considering the specific sources that lead to the calculations, it’s vital to have a clear understanding of how various forms of interest income are summed up, which ultimately leads to accurately reporting the total on Schedule B.

In this case, the total of $1,560 indicates that the aggregation of all individual interest amounts was performed correctly, confirming it as the right choice.