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Joel purchased $125,000 of A and D Corporation's newly issued bonds for $114, 500. The bonds carry an interest rate of 8% and mature in 5 years. What is the initial OID on these bonds? $2,000. $2, 100. $10, 500. $10,000. Taxable income does not include: Alimony payments. Qualified dividend payments. Interest payments. Child support payments. On December 30, 2015, Robert agreed to repair a damaged house wall and started to work on that date. He will finish and get paid for the job in January of 2016. Robert needs to record the income received from his work in the year: 2015. Half in 2015 and the other half in 2016. 2016. He does not have to report the income at all