​Craig, a Single Taxpayer, Received the Following Items in 2015

question 11

Essay

​Craig, a single taxpayer, received the following items in 2015: dividends of $450, wages of $32,000, child support from his ex-spouse of $400 per month, a new television worth $1,200 from a door prize at a conference he attended, a gift of $3,000 from Craig's parents, and $200 of interest on bonds issued by the State of Arizona. Craig set aside $4,000 of his wages (the $4,000 has not been deducted from the $32,000 of wages listed previously) to cover childcare for his dependent children. He also receives a reimbursement of $270 per month to pay for public transportation passes each month (also not deducted from the $32,000 of wages reported previously). Based on the above, what is Craig's gross income in 2015?

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Definitions:

Strategies

Planned actions or tactics designed to achieve a specific goal or solve a particular problem.

Memory

The cognitive function that allows individuals to store, retain, and recall information and experiences.

Adversities

Difficult or unpleasant situations and experiences that may pose challenges to individuals or communities.

Wisdom

The ability to apply knowledge, experience, understanding, and common sense in a considered and judicious way, often associated with insight and good judgment.