Oscar and Mary Have No Dependents and File a Joint

question 87

Multiple Choice

Oscar and Mary have no dependents and file a joint income tax return for 2015. They have adjusted gross income of $140,000 and itemized deductions of $30,000. What is the amount of taxable income that Oscar and Mary must report on their 2015 income tax return?

• A)$97,400
• B)$98,800
• C)$102,000
• D)$110,000
• E)$136,000

---

Definitions:

Work Planning

The process of defining objectives, activities, and timelines to achieve specific goals in a professional context.

Evaluating Duties

The process of assessing the responsibilities and tasks assigned to a role or position.

Vertical Loading

The process of increasing an employee's responsibility and authority, typically as part of their development or empowerment.

Job Depth

The degree to which a job requires a variety of skills, gives workers autonomy, and impacts the organization or its clients.