The Following Is a Listing of Tax Considerations for a Family

question 32

Multiple Choice

The following is a listing of tax considerations for a family. How much is the family's taxable income? $\begin{array}{ll}B \text { exemptions }&\$3,050&\text { per exemption }\\\text { Salary } & 45,000 \\\text { Real estate taxes } & 5,000 \\\text { Interest from savings ac count } & 1,500 \\\text { Interest from municipal bond } & 2,000 \\\text { Interest on mortgage } & 3,000 \\\text { Contributions to church } & 1,500 \\\text { Loss on sale of stock held for 3 vears } & 6,000\end{array}$

• A) $25,800
• B) $24,850
• C) $30,800
• D) $24,300

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Definitions:

Malinke of Mali

An ethnic group predominantly found in Mali, known for their historical and cultural significance, including the founding of the ancient Mali Empire.

Twelfth Century

The period in history from the year 1100 to 1199, marking the High Middle Ages in Europe.

Kingdom of Ghana

An ancient West African empire, known for its wealth in gold and trade networks, existing from around the 6th to 13th centuries AD.

Ethnic Communities

Groups of people sharing a common racial, national, tribal, religious, linguistic, or cultural origin or background.