Question
24) Bob is retired Mainer and receives income from a number of sources. The interest payments are from bonds that Bob purchased over past years
24) Bob is retired Mainer and receives income from a number of sources. The interest payments are from bonds that Bob purchased over past years and a disability insurance policy that Bob purchased. Calculate Bob's gross income from information below (20 pts):
Distributions from qualified pension plan | $4,950 |
Interest on bonds issued by City of Bangor, Maine | 1,500 |
Social Security benefits | 6,500 |
Interest on U.S. Treasury Bills | 2,300 |
Interest on bonds issued by Walmart | 1,900 |
Interest on bonds issued by City of Quebec, Canada | 2,750 |
Disability insurance benefits | 9,500 |
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