Caroline Is Retired and Receives Income from a Number of Sources

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. $\begin{array} { l r } \text { Distributions from qualified pension plan } & \$ 5,400 \\\text { Interest on bonds issued by City of Austin, Texas } & 2,500 \\\text { Social Security benefits } & 8,200 \\\text { Interest on U.S. Treasury Bills } & 2,300 \\\text { Interest on bonds issued by Ford Motor Company } & 1,900 \\\text { Interest on bonds issued by City of Quebec, Canada } & 2,750 \\\text { Disability insurance benefits } & 9,500\end{array}$