Misti Purchased a Residence This Year $\quad\quad\quad\quad\quad\quad\quad\$ 2,335$ Real Estate Taxes $\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad1,525$

question 17

Essay

Misti purchased a residence this year. Misti is a single parent and lives with her 1-year old daughter. This year, Misti received a salary of $63,000 and made the following payments: Home mortgage interest $\quad\quad\quad\quad\quad\quad\quad\$ 2,335$
Real estate taxes $\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad1,525$
State income taxes paid $\quad\quad\quad\quad\quad\quad\quad\quad1,340$
Income tax preparation fee $\quad\quad\quad\quad\quad\quad\quad250$
Charitable contributions (cash to their church) $\quad120$ Misti files as a head of household and claims two exemptions. Calculate her taxable income this year.

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Definitions:

Accurate Decision

A decision that effectively meets the intended objective or solves the problem based on correct and reliable information.

Groupthink

A psychological phenomenon where the desire for harmony or conformity in a group results in an irrational or dysfunctional decision-making outcome.

Concurrence Seeking

The practice of striving for consensus and agreement within a group, sometimes at the expense of critical thinking.

Consensual Validation

is the process by which individuals seek agreement and validation from others for their attitudes, beliefs, or perceptions.