The Information That Follows Applies to the Current Year for Aaron

question 112

Multiple Choice

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 $\$ 75,000$ .
- 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 $\$ 750$ .
- Inter est 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 $\$ 2,800$ .

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

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Definitions:

Acute Infection

A rapid onset of disease due to the invasion of pathogens in the body, characterized by rapid progression and often severe symptoms.

Firm but Freely Movable

A description often used in medical examinations to describe a lump or mass that is solid to the touch yet can be moved easily under the skin.

Bruit

An abnormal sound or murmur heard during auscultation, often indicative of a narrowing or blockage in an artery.