Oscar and Mary Have No Dependents and File a Joint

question 79

Multiple Choice

Oscar and Mary have no dependents and file a joint income tax return for 2013.They have adjusted gross income of $145,000 and itemized deductions of $32,000.What is the amount of taxable income that Oscar and Mary must report on their 2013 income tax return?

• A)$113,000
• B)$109,200
• C)$125,500
• D)$129,300
• E)$105,200

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Definitions:

Task-oriented

Refers to an approach or style focused primarily on accomplishing specific tasks or goals, often emphasizing efficiency and practical outcomes.

Internal Efficiency

A measure of how effectively an organization utilizes its resources to produce outputs.

Coordination

The method of arranging individuals or teams to ensure they collaborate effectively and harmoniously.

Extensive Participation

The involvement of a large number or majority of individuals in a process, decision-making or an activity, often aimed at enhancing engagement and inclusivity.