Mr and Mrs

question 65

Multiple Choice

Mr. and Mrs. Liddy, ages 39 and 41, file a joint return and have no dependents for the year. Here is their relevant information. Compute their adjusted gross income (AGI) and taxable income.

• A) AGI $50,200; taxable income $29,600
• B) AGI $52,000; taxable income $31,400
• C) AGI $52,000; taxable income $39,000
• D) AGI $50,200; taxable income $39,000

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Definitions:

Degrees of Freedom (df)

Number of values or quantities free to vary when a statistic is used to estimate a parameter.

Expected Frequency

In statistics, the frequency expected in a category of a contingency table under the assumption that the null hypothesis is true.

Chi-Square

A statistical test that measures the difference between observed and expected frequencies in categorical data.

Row Variable

In the context of a data table or matrix, it refers to the variable represented by the rows, often used in cross-tabulation to compare against another variable.