During the Current Year K Reported the Following Items: Wages $\quad$

question 38

Multiple Choice

During the current year K reported the following items: Wages: $\quad$$\quad$$\quad$$\quad \$ 50,000$
Alimony paid: $\quad$$\quad 5,000$
Child support paid: $\quad$$\quad$$\quad$ 10,000
Federal income tax refund: $\quad$ 1,000
State income tax refund: $\quad$ 300 The Federal and State income tax refunds were for taxes paid in the prior year.During the current and prior year, K used the standard deduction rather than itemizing.How will these items affect K's taxable income for the current year?

• A)Increase taxable income by $45,000
• B)Increase taxable income by $45,300
• C)Increase taxable income by $35,000
• D)Increase taxable income by $35,300
• E)Increase taxable income by $46,300

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Definitions:

Recall Memory

The mental process of retrieving information from the past, which can involve reconstructing memories based on cues or prompts.

Recognition Memory

The ability to identify previously encountered events, objects, or people.

Recognition Memory

Recognition memory is the ability to identify previously encountered events, objects, or people.

Deferred Imitation

The ability to replicate an action observed at an earlier time, even in the absence of the immediate presence of the original stimulus.