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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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