Ralph Has Total Income of $53 000

question 40

Multiple Choice

Ralph has total income of $53 000.He has business expenses of $18 000,made a $5000 RRSP contribution and incurred $4000 in college expenses for his daughter,who did not work and is a freshman at a local community college.Personal basic exemptions of $11 138 and a marginal tax rate of 26 percent apply.Compute Ralph's taxable income for the current year.

• A)$18 862
• B)$26 000
• C)$30 000
• D)$14 862

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Definitions:

Anorexia Nervosa

An eating disorder characterized by an obsessive fear of gaining weight, leading to severely restricted food intake and distorted body self-perception.

Biopsychosocial Approach

An integrated perspective that considers biological, psychological, and social factors and their complex interactions in understanding health, illness, and healthcare.

Medical Model

An approach to health which treats mental and physical illnesses primarily through the use of drugs, surgery, or other medical interventions.

Western Cultures

Western cultures refer to societies primarily located in the Western part of the world, often characterized by traditions and systems of thought that have origins in Ancient Greece, Rome, and through subsequent European influence.