Mr and Mrs Compute Their Adjusted Gross Income (AGI) and Taxable Income

question 95

Multiple Choice

Mr. and Mrs. Dell, ages 29 and 26, file a joint return and have no dependents for the year. Here is their relevant information. $$\begin{array} { l r } \text { Salaries } & \$ 63,000 \\\text { Dividend incorne } & 1,900 \\\text { Above-the-line deductions } & 6,200 \\\text { Iterrized deductions } & 14,000\end{array}$$ Compute their adjusted gross income (AGI) and taxable income.

• A) AGI $64,900; taxable income $42,800
• B) AGI $58,700; taxable income $36,600
• C) AGI $58,700; taxable income $38,000
• D) AGI $64,900; taxable income $36,600

---

Definitions:

Functionalist

A perspective in sociology and psychology that emphasizes the importance of understanding the purpose of behavior and mental processes in the individual's adaptation to the environment.

Structuralism

An approach in psychology that seeks to understand the structure of the mind by analyzing the basic elements of thoughts and sensations.

Psychological Approach

A method or perspective for understanding human behavior and mental processes through psychological principles.

Immediate Experience

Direct, unmediated encounters or perceptions that occur in the present moment.