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During the year an individual purchased bonds and shares in corporations. The bonds were all purchased at face value. Additional information on the bond investments:
During the year an individual purchased bonds and shares in corporations. The bonds were all purchased at face value. Additional information on the bond investments: annual periodic date of interest interest # purchase amount rate payments 1 10 Jan 2020 $50,000 4% semi-annual 2 5 Feb 2020 $40,000 3% annual 3 15 Mar 2020 $60,000 5% at maturity first interest payment 10 Jul 2020 5 Feb 2021 15 Mar 2022 tax withheld, Additional information on the corporate stock investments: dividends date of received dividend # purchase amount 2020 type 4 10 Jan 2020 $120,000 $2,400 eligible 5 5 Feb 2020 $160,000 $3,200 non-eligible 6 15 Mar 2020 $150,000 $2,100 foreign if any $900 Assuming the individual has no income other than that generated by the above investments, what is the individual's taxable income for 2020
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