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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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