Eugene and Velma Are Married

question 58

Multiple Choice

Eugene and Velma are married.For 2013,Eugene earned $25,000 and Velma earned $30,000.They have decided to file separate returns and are each entitled to claim one personal exemption.They have no deductions for adjusted gross income.Eugene's itemized deductions are $11,200 and Velma's are $4,000.Assuming Eugene and Velma do not live in a community property state,what is Velma's taxable income?

• A)$14,300
• B)$20,350
• C)$26,000
• D)$22,100
• E)None of the above

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Consumers

Individuals or groups who use goods and services generated within the economy, playing a critical role in the demand and supply chain.

Positioning

The process of establishing a brand or product in the market by differentiating it from competitors, targeting specific consumer segments.

Benefits

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Consumer Tastes

Preferences and inclinations of consumers regarding products, services, and experiences, shaped by cultural, social, personal, and psychological factors.