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Craig, a Single Taxpayer, Received the Following Items in 2019

question 138

Essay

Craig, a single taxpayer, received the following items in 2019: dividends of $450, wages of $32,000, child support from his ex-spouse of $400 per month, a new television worth $1,200 from a door prize at a conference he attended, a gift of $3,000 from Craig's parents, and $200 of interest on bonds issued by the State of Arizona. Craig put $4,000 of his wages into his employer's dependent care flexible spending account (the $4,000 has not been deducted from the $32,000 of wages listed previously). He also receives a reimbursement of $270 per month to pay for public transportation passes each month (the monthly reimbursement of $270 has not been deducted from the $32,000 of wages). Based on the above, what is Craig's gross income in 2019?


Definitions:

Obverse

The proposition that results from changing the quality of a categorical proposition and replacing the predicate term with its complement.

Contrapositive

The proposition that results from replacing the subject term in a categorical proposition with the complement of the predicate and the predicate with the complement of the subject.

Referents

Objects, events, or entities in the real world to which words or symbols refer or correspond, in the context of language and communication.

Quantity

A characteristic that describes the numerical aspect of something, including size, amount, or number.

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