Charles Is a Single Person,age 35,with No Dependents

question 50

Multiple Choice

Charles is a single person,age 35,with no dependents.In 2016,Charles has gross income of $75,000 from his sole proprietorship.Charles also incurs $80,000 of deductible business expenses in connection with his proprietorship.He has interest and dividend income of $22,000.Charles has no itemized deductions.Charles's taxable income is

• A)$6,650.
• B)$10,700.
• C)$12,950.
• D)$17,000.

---

Definitions:

Management By Exception-Passive

A leadership style where the manager only intervenes when standards are not met or when performance deviates significantly from the set expectations.

Non-Leadership

The absence of leadership qualities or actions in a situation where guidance or direction is needed.

Active Form

A state or mode of operation in which engagement and direct participation are emphasized, often used to describe dynamic and participatory processes or structures.

Intellectual Stimulation

is the process of encouraging individuals to think critically, creatively, and to challenge existing assumptions and beliefs.