Find the Adjusted Gross Income

question 6

Multiple Choice

Find the adjusted gross income.
-Tom and Sandy Bowles had incomes of $19,889 and $8,129. They also had $303 in interest income and an adjustment of $856 in moving expenses.

• A)$28,321
• B)$27,162
• C)$29,177
• D)$27,465

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Definitions:

Unproductive Capital

Capital investments that do not effectively contribute to the business's profitability or growth objectives.

Earnings Surprise

A financial event that occurs when a company's reported quarterly or annual profits are above or below the analysts' expectations.

Securities Markets

Platforms or locations where securities such as stocks and bonds are bought and sold.

Stock Price

The current price at which a share of company stock can be bought or sold in the stock market.