Solve the Problem

question 207

Multiple Choice

Solve the problem. Refer to the table if necessary.
-Jim earned wages of $89,118, received $5002 in interest from a savings account, and contributed $ 6342 to a tax deferred retirement plan. He was entitled to a personal exemption of $3900 and had
Deductions totaling $8797. Find his adjusted gross income.

• A)$75,081
• B)$83,878
• C)$100,462
• D)$87,778

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Definitions:

Open Systems

A concept in organizational theory and systems theory that views organizations as entities that interact with their environment, adapting and evolving as a result.

Contingency

The possibility that future events may occur, often dependent on certain conditions or situations, which can influence planning and decision-making.

Open Systems

An approach that views organizations as entities that interact with their environment, adapting and changing in response to external factors.

Intellectual Capital

The intangible value of an organization's knowledge, skills, innovations, and processes, contributing to its competitive advantage.