In 2018, Carol, Who Is 54 and Single, Earned a Salary

question 40

Multiple Choice

In 2018, Carol, who is 54 and single, earned a salary of $54,000 and $6,000 of interest on State of Nevada bonds. She contributed $2,000 to her Roth IRA, paid a $12,000 hospital bill, state income taxes of $1,500, real estate taxes of $900, mortgage interest of $4,500, and $2,000 interest on her margin account under which she purchased the bonds. What is Carol's taxable income?

• A) $37,050
• B) $39,150
• C) $41,050
• D) $43,050

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Definitions:

Electroencephalogram

An electroencephalogram, or EEG, is a test that measures electrical activity in the brain to help diagnose neurological conditions.

Brain Wave Patterns

The electrical activity in the brain, categorized in various types like alpha, beta, and delta waves, each associated with different states of consciousness.

Electrical Activity

The movement of electrically charged particles in biological tissues or electronic systems, fundamental for nervous system function and electronic devices' operation.

Crohn's Disease

A chronic inflammatory bowel disease that affects the lining of the digestive tract, causing pain, diarrhea, weight loss, and fatigue.