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Sally's Adjusted Gross Income Is $38,000

question 7

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Sally's adjusted gross income is $38,000.She does not own a home,but has charitable contributions of $1,500 and interest on her car loan of $2,100.This year she also had medical expenses of $2,000.She is allowed a standard deduction of $6300 and one personal exemption of $4,000.What is Sally's taxable income?


Definitions:

Decision Making

The mental process involved in choosing one option out of many possibilities.

Law School

A professional school offering education in law leading to a degree and qualification to practice law.

Evaluating Options

The cognitive process of assessing and comparing different choices or courses of action before making a decision.

Linguistic Relativity

The hypothesis that the structure of a language affects its speakers' world view or cognition.

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