Question - How calculate retired income? Mr. Mei-Yo Chien is retired. He is married, and the couple has the following sources of income- Pension income $12,000 Taxable distributions from Mr. Chien's 401(k) 15,000 Taxable interest income 2,000 Tax-exempt municipal bond interest income 10,000 Mr. Chien's Social Security benefit 14,000 Mrs. Chien's Social Security benefit 7,000 Determine the gross income reported on the Chiens' joint federal income tax return for 2015.