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

---

Definitions:

Top-Team Turnover

The rate at which an organization's highest-ranking executives leave their positions over a certain period.

Concurrent Pay Structures

Compensation systems where employees performing similar roles or tasks receive pay rates based on multiple factors simultaneously, such as experience and performance.

Life Cycle

A series of stages through which an entity (such as a product, project, or organism) passes during its lifetime, from inception to termination or renewal.

Task Functions

Specific activities or duties that contribute directly towards the accomplishment of a group or organization's objectives.