During 2016,Marvin Had the Following Transactions

question 92

Multiple Choice

During 2016,Marvin had the following transactions:
Salary
$50,000
Bank loan (proceeds used to buy personal auto)
10,000
Alimony paid
12,000
Child support paid
6,000
Gift from aunt
20,000
Marvin's AGI is:

• A)$32,000.
• B)$38,000.
• C)$44,000.
• D)$56,000.
• E)$64,000.

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Definitions:

Critical-thinking Guidelines

Principles or strategies designed to promote the objective analysis and evaluation of an issue in order to form a judgment.

Gut Reaction

An immediate or instinctive emotional reaction to something, without conscious thought.

Critical Thinking

The intellectual process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion.

Alternative Explanations

Different theories or reasons that explain a phenomenon or observation, often considered when the primary explanation is insufficient.