Solve the Problem

question 106

Multiple Choice

Solve the problem. Refer to the table if necessary.
-Carla earned wages of $53,687, received $1731 in interest from a savings account, and contributed $ 2999 to a tax deferred retirement plan. She was entitled to a personal exemption of $3900 and had
Deductions totaling $7180. Find her gross income.

• A)$58,417
• B)$52,419
• C)$41,339
• D)$55,418

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Definitions:

Injection Mold

A manufacturing process for producing parts by injecting molten material into a mold.

Selling Price

The amount at which a product or service is sold to customers, often determined by costs, market demand, and competition.

Investment

The process of distributing assets, often funds, in anticipation of earning revenue or profit.

Desired Return

The specific amount of profit a company aims to achieve on its investment or project, often expressed as a percentage.