Cyril, Who Is 68 Years of Age, Received Social Security

question 31

Multiple Choice

Cyril, who is 68 years of age, received Social Security benefits of $12,000, wages of $5,000, interest and dividends of $4,000, unemployment compensation of $5,400 and municipal bond interest of $1,500. Calculate Cyril's adjusted gross income.

• A) $14,400.
• B) $25,500.
• C) $19,200.
• D) $12,000.

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Definitions:

Equations

Mathematical statements that assert the equality of two expressions, typically involving variables.

Solutions

The values or sets of values that satisfy an equation, inequality, system of equations, or other mathematical conditions.

Substitution

A method of replacing a variable with a value or another expression.

Equations

Mathematical statements that assert the equality of two expressions, often involving one or more variables.