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Irene is disabled and receives payments from a number of sources. The interest payments are from bonds that Irene purchased over past years and a

Irene is disabled and receives payments from a number of sources. The interest payments are from bonds that Irene purchased over past years and a disability insurance policy that Irene purchased herself.

Interest, bonds issued by City of Austin, Texas

$

4,500

Social Security benefits

11,500

Interest, U.S. Treasury bills

1,800

Interest, bonds issued by Ford Motor Company

2,550

Interest, bonds issued by City of Quebec, Canada

1,680

Disability insurance benefits

28,000

Distributions from qualified pension plan

6,900

Calculate Irenes gross income.

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