Fernando and Rosetta are a retired couple who file jointly and receive $10,000 in Social Security benefits during the current year. They also receive $3,000 in interest on their savings account and taxable pension payments of $28,000.

What is their gross income if

a. They receive no other sources of income?

b. They receive $13,000 in interest from tax-exempt bonds they own?

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Elwood is retired. In 2020, he receives $9,200 in Social Security benefits. In addition, he receives $6,300 in cash dividends on stocks that he owns and $8,100 in interest on tax-exempt bonds. Assuming that Elwood is single, what is his gross income if

a. He receives no other income?

b. He also receives $11,200 in unemployment compensation?

c. He sells some land for $79,900 and he paid $44,400 for the land?