Irene is disabled and receives payments from a number of sources (see below). The interest payments are

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Irene is disabled and receives payments from a number of sources (see below). 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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Related Book For  answer-question

Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

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

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