Hector and Nicole Are Retired

Multiple Choice

Hector and Nicole are retired. During the current year, they receive $11,000 from a qualified pension plan, $3,000 of dividends on common stock holdings, $6,000 of tax-exempt interest, and $10,000 of Social Security benefits. Hector and Nicole's adjusted gross income is:

A) $14,000
B) $19,000
C) $24,000
D) $30,000