Irene is disabled and receives payments from a number of sources. The interest payments are from bonds

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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 disability insurance policy that Irene purchased herself. Calculate Irene’s gross income.

Interest, bonds issued by City of Austin, Texas $2,000 Social Security benefits 8,200 Interest, U.S. Treasury bills 1,300 Interest, bonds issued by Ford Motor Company 1,500 Interest, bonds issued by City of Quebec, Canada 750 Disability insurance benefits 19,500 Distributions from qualified pension plan 5,400

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McGraw-Hill's Taxation Of Individuals

ISBN: 9781259729027

2017 Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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