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The Information That Follows Applies to the Current Year for Aaron

question 112

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

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Definitions:

Node of Ranvier

Gaps in the myelin sheath along a nerve fiber, where action potentials are regenerated for rapid signal transmission.

One Meter Long

A unit of measurement equal to 100 centimeters or approximately 39.37 inches, often used to specify the length of objects.

Axon

A long, slender projection of a nerve cell that typically conducts electrical impulses away from the neuron's cell body.

Dendrite

Short branched extensions of a nerve cell, along which impulses received from other cells at synapses are transmitted to the cell body.

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