Lori Had the Following Income and Losses During the Current

question 7

Multiple Choice

Lori had the following income and losses during the current year: $$\begin{array} {| l | r | } \hline \text { Wages } & \$ 22,000 \\\hline \text { Share of partnership income } & 18,000 \\\hline \text { Unemployment compensation } & 12,000 \\\hline \text { Gambling winnings } & 2,000 \\\hline \text { Gambling losses } & ( 5,000 ) \\\hline \text { Prize won from a charity raffle } & 30,000 \\\hline\end{array}$$ What is Lori's adjusted gross income?

• A)$72,000
• B)$79,000
• C)$82,000
• D)$84,000

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Definitions:

Customer Service

The assistance and support provided by a company to those people who buy or use its products or services.

Value Creation

The process by which businesses or entrepreneurs develop new products, services, or processes that are valuable to customers.

Call Reluctance

The hesitation or resistance a salesperson may feel when it comes to making phone calls to potential clients, often stemming from fear of rejection.

Prospect Aversion

The tendency of potential customers to avoid engaging with sales efforts or communications, often due to perceived pressure or disinterest in the product.