If You Are Married and Claiming the Standard Deduction, and Gross

question 81

Multiple Choice

If you are married and claiming the standard deduction, and gross income is $100,000 and the standard deduction is $24,000, what is your taxable income?

• A) $124,000
• B) $80,000
• C) $76,000
• D) $74,500

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Definitions:

Executive

Pertains to the branch of a government or organization responsible for putting decisions or policies into effect, or referring to the higher-level administrative or managerial functions in a business.

Type B

Personality type characterized by a more relaxed, non-urgent approach to life, and less prone to stress compared to Type A personalities.

Achievement Oriented

A personality trait characterized by a constant pursuit of success and accomplishments through hard work and determination.

Relaxed

An experience characterized by the absence of nervousness and stress.