Jim Is Single and for 2011 Has AGI of $50,000

question 117

Essay

Jim is single and for 2011 has AGI of $50,000.He is age 75 and has no dependents.For 2011,he has itemized deductions from AGI of $7,000.Determine Jim's taxable income for 2011.

---

Definitions:

Pharynx

A muscular tube that connects the mouth and nasal passages with the esophagus and larynx, playing a key role in breathing and swallowing.

Decompression Sickness

A condition arising from dissolved gases coming out of solution into bubbles inside the body on depressurization.

Gas Bubbles

Pockets of gas trapped within a liquid or solid material, often forming through chemical reactions, heating, or decompression.

Carbonic Anhydrase

An enzyme that catalyzes the conversion of carbon dioxide and water into bicarbonate and protons, critical for maintaining acid-base balance in blood and tissues.