Charles Is a Single Person,age 35,with No Dependents

question 18

Multiple Choice

Charles is a single person,age 35,with no dependents.In 2013,Charles has gross income of $75,000 from his sole proprietorship.Charles also incurs $80,000 of deductible business expenses in connection with his proprietorship.He has interest and dividend income of $22,000.Charles has no itemized deductions.Charles's taxable income is

• A)$7,000.
• B)$12,000.
• C)$13,100.
• D)$17,000.

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Definitions:

Adipose Tissue

A type of connective tissue that stores fat, providing insulation, energy storage, and protection for the body.

Caloric Intake

The total amount of calories consumed through food and beverage consumption, a crucial factor in maintaining energy balance and body weight.

Fat Cells

Specialized cells in the body that store fat, known scientifically as adipocytes, they play key roles in energy storage and regulation.

Weight Categories

Classification of an individual's body weight typically based on Body Mass Index (BMI) into categories such as underweight, normal weight, overweight, and obese.