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Caroline is retired and receives income from a number of sources. the payments are from bonds...

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Accounting

Caroline is retired and receives income from a number ofsources. the payments are from bonds that Caroline purchased overpast years and disability insurance policy that Caroline purchased.Calculate her income

Distributions from qualified pension plan $5400

Interest on binds issued by City of Austin, Texas $2500

Social Security benefits $8200

Interest on US Treasury Bills $2300

Interest on bonds issued by Ford Motor Company $1900

Interest on bonds issued by City of Quebec, Canada $2750

Disability insurance $9500

Answer & Explanation Solved by verified expert
4.5 Ratings (763 Votes)

Calculate income:

Distributions from qualified pension plan $5400

Interest on US Treasury Bills                    $2300

Interest on bonds issued by

Ford Motor Company                               $1900

Interest on bonds issued

by City of Quebec, Canada                      $2750

Total                                                       $12350
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