The Information That Follows Applies to the Current Year for Aaron

question 54

Multiple Choice

The information that follows applies to the current year for Aaron and Janelle, a married couple. • Aaron is employed as a shoe salesman; his compensation is $75,000.
• Janelle is employed by the state of Indiana; her compensation is $35,000.
• Aaron and Janelle have total allowable itemized deductions of $12,000.
• Aaron and Janelle have two dependent children.
• Aaron and Janelle have other economic income as follows: - Interest on U.S. Treasury notes $1,000. - Interest on Compost Computer bonds $1,500. - Interest on German government bonds $750. - Interest on City of Nashville. bonds $1,200. - Aaron's wealthy uncle gives him $1,000. - Janelle sold Aaron's football card collection for $3,000. It cost $800. - Janelle sells Aaron's fishing boat for $2,000. Aaron had purchased the boat 3 years ago for $2,800. Based on the above information, what is Aaron and Janelle 's adjusted gross income?

• A) $114,450
• B) $114,700
• C) $115,450
• D) $116,450
• E) $116,650

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Definitions:

Generalization

The process by which an animal or a person responds to a new stimulus in a way that's similar to how they responded to a previously encountered stimulus.

Operant Conditioning

An approach to education that utilizes incentives and penalties to shape behavior.

Conditioned Taste Aversions

A learned response where an individual avoids a food after a negative experience, demonstrating how tastes become associated with illness or discomfort.

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Individuals undergoing treatment with drugs that are used to kill or inhibit the growth of cancer cells.