Thelma Works at a Liquor Store in 2018 and Makes

question 89

Multiple Choice

Thelma works at a liquor store in 2018 and makes $44,000.She also has dividend income of $12,000 and interest income of $1,000.She owns a beach house that gives her $11,000 in net rental income and she owns a stake in a limited partnership that generates a $15,000 loss.What is her adjusted gross income in 2018?

• A)$58,000
• B)$45,000
• C)$69,000
• D)$57,000
• E)$53,000

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Definitions:

Tender of Payment

The act of offering to pay a debt or an obligation, usually by offering the exact amount due in a legally recognized form.

Legal Tender

Money that may be offered legally in satisfaction of a debt and that must be accepted by a creditor when offered.

Buyer

An individual or entity that purchases goods or services.

Express Warranty

A seller's promise or guarantee that a product meets certain quality or performance standards.