Lisa and Collin Are Married

question 128

Essay

Lisa and Collin are married. Lisa works as an engineer and earns a salary of $183,500. Collin works at a beauty salon and reported wages of $81,500. Lisa received $640 of interest from corporate bonds and $280 of interest from a municipal bond. Lisa acquired these bonds prior to her marriage to Collin. Collin's father passed away on April 14. He inherited cash of $56,000 and his baseball card collection, valued at $2,450. As beneficiary of his father's life insurance policy, Collin also received $184,500. The couple spent a weekend in Atlantic City in November and came home with gambling winnings of $2,180. Collin was injured in an accident at the salon. He was unable to work for a month, but during this time he received $5,700 from disability insurance he purchased several years ago. Collin also received $2,850 in workers' compensation, and $2,350 from the salon for the emotional trauma he suffered from the accident. Calculate Lisa and Collin's gross income for this year, assuming they will file married filing jointly.

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Definitions:

Sensory Input

Information that the brain receives via the senses, including sight, sound, smell, taste, and touch, which is then processed to guide responses and actions.

Blood Vessels

Tubular structures in the body through which blood flows, including arteries, veins, and capillaries.

Depth of Respirations

Refers to the degree of chest or abdominal expansion during breathing, indicating the volume of air inhaled or exhaled.

Cyanosis

A blue or purplish discoloration of the skin and mucous membranes due to deficient oxygenation of the blood.