What Is George's Gross Income If He Has the Following

question 31

Multiple Choice

What is George's gross income if he has the following: Salary = $78,000;Dividends = $4,000;interest on city of San Francisco bonds = $2,000;a gain of $14,000 on a stock sale and a $4,000 loss on a small sole proprietorship that he owns.

• A)$78,000
• B)$84,000
• C)$92,000
• D)$96,000

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Definitions:

Bus Service

A form of public transportation that operates with a set schedule and route, providing transportation services to passengers.

More Elastic

Describes a demand or supply curve that shows a greater sensitivity to changes in price; a small change in price results in a larger change in quantity demanded or supplied.

Consumer Price

The price that end-users or consumers pay for goods or services, including taxes and distribution expenses.

More Elastic

Refers to a situation where the quantity demanded or supplied of a good or service is more sensitive to changes in price.