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Caroline Is Retired and Receives Income from a Number of Sources.The

Question 162

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Caroline is retired and receives income from a number of sources.The interest payments are from bonds that Caroline purchased over past years and a disability insurance policy that Caroline purchased after her retirement.Calculate Caroline's gross income.
 
 Distributions from qualified pension plan Interest on bonds issued by City of Austin, Texas Social Security benefits Interest on U.S. Treasury Bills Interest on bonds issued by Ford Motor Company Interest on bonds issued by City of Quebec, Canada Disability insurance benefits$5,4002,5008,2002,3001,9002,7509,500\begin{array}{l}\begin{array}{lll}\text { Distributions from qualified pension plan} \\\text { Interest on bonds issued by City of Austin, Texas} \\\text { Social Security benefits} \\\text { Interest on U.S. Treasury Bills} \\\text { Interest on bonds issued by Ford Motor Company} \\\text { Interest on bonds issued by City of Quebec, Canada} \\\text { Disability insurance benefits} \\\end{array}\begin{array}{lll}\$5,400 \\2,500 \\8,200 \\2,300 \\1,900 \\2,750 \\9,500\end{array}\end{array}

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$12,350 = $5,400 + $2,300 + $1,900 + $2,...

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