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1 2. Salary (Apple's salary: $85000, Bob's:$72,000) Interest Income $157,000 City of Normal school bonds $1,000 Ford Motor Company bonds 1,200 PNC Bank certificate

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1 2. Salary (Apple's salary: $85000, Bob's:$72,000) Interest Income $157,000 City of Normal school bonds $1,000 Ford Motor Company bonds 1,200 PNC Bank certificate of deposit 600 2,800 3. Annual gift from parents 26,000 4. Lottery winnings 1,000 5. Short-term capital loss (from stock investment) (5,000) 6. 6. Long-term capital gain (from stock investment) Federal income tax refund from year 2017 return They also have the following payments/contributions: 1,000 2,400 1. Medical expenses Medical insurance premiums $4,500 Hospital expenses for John 9,000 4,500 2. Property taxes 5,000 3. Contribution to IRA 10,000 456 4. Qualified interest on home mortgage 5,000 5. Utilities (water, gas, and electricity) 4,500 6. 7. 8. Car insurance State income tax paid Interest on car loan 1,200 13,000 1,500 0 Cash contribution to church 3,300

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