Mr and Mrs Nelson Operate a Small Business as a Sole

question 54

Multiple Choice

Mr and Mrs Nelson operate a small business as a sole proprietorship. This year, they have the following tax information.
Net profit from sole proprietorship $\quad$$\quad$$\quad$$\quad$ $ 50,000
Deduction for SE tax $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ $\quad$ $ 3,533
Dividends $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ $\quad$ $ 900
Net income from rental property $\quad$$\quad$$\quad$$\quad$$\quad$ $ 2,780
Loss from limited partnership $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ $ (6,000 )
Compute Mr and Mrs Nelson's AGI.

• A) $50,900
• B) $47,367
• C) $50,147
• D) None of the above

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Definitions:

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without prior conditioning.

Conditioned Stimulus

An initially neutral signal that, through association with an unconditioned stimulus, eventually elicits a conditioned response.

Unconditioned Stimulus

A stimulus that elicits a natural, reflexive response without the need for prior conditioning.

Minimal Effects

Changes or impacts that are barely noticeable or have little to no significant influence on the overall condition or outcome.