Total the Following Numbers: 712; 1,105; 3,209; 796

question 157

Multiple Choice

Total the following numbers: 712; 1,105; 3,209; 796.

• A) 5,110
• B) 5,822
• C) 5,026
• D) 4,417

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Definitions:

Adjusted Gross Income (AGI)

A measure of income calculated from your gross income and used to determine how much of your income is taxable.

Standard Deduction

A fixed amount that taxpayers can subtract from their income before income tax is applied, reducing the taxable income, and which varies based on filing status.

IRS

Internal Revenue Service, the federal agency responsible for enforcing tax laws and collecting taxes in the United States.

Interest

The charge for borrowing money, typically expressed as an annual percentage rate, or the income earned on deposited funds.