Savings account and taxable pension payments

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Reference no: EM13992034

Hermano and Rosetta are a retired couple who receive $10,000 in Social Security benefits during the current year. They also receive $3,000 in interest on their savings account and taxable pension payments of $28,000. What is their gross income if

a. They receive no other income?

b. They receive $13,000 in interest from tax-exempt bonds they own?

Reference no: EM13992034

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