Wilma, Age 70 and Single, Is Claimed as a Dependent

question 174

Multiple Choice

Wilma, age 70 and single, is claimed as a dependent on her daughter's tax return. During 2017, she had interest income of $2,500 and $800 of earned income from babysitting. Wilma's taxable income is:

• A)$700.
• B)$900.
• C)$1,750.
• D)$2,250.
• E)None of these.

Realize the role of social constructs such as patriarchy and sexism in maintaining social inequalities.

Acknowledge the significance of shared values, norms, and the conceptual frameworks in shaping human behavior and societal organization.

Recognize the importance of both close and remote social networks in accessing resources like job opportunities.

Interpret the influence of sociological theory and research on understanding and addressing social issues.

---

Definitions:

Time Value

The concept that money available at the present time is more valuable than the same amount in the future due to its potential earning capacity.

Money

A medium of exchange that facilitates the transfer of goods and services.

Average Accounting Return

A financial ratio indicating the average profitability of investments, calculated as the average annual net income divided by the average book value.

IRR

Internal Rate of Return, a metric used in financial analysis to estimate the profitability of potential investments.