Merle Is a Widow,age 80 and Blind,who Is Claimed as a Dependent

question 136

Multiple Choice

Merle is a widow,age 80 and blind,who is claimed as a dependent by her son.During 2015,she received $4,800 in Social Security benefits,$2,500 in bank interest,and $1,800 in cash dividends from stocks.Merle's taxable income is:

• A)$4,300 - $1,050 - $3,100 = $150.
• B)$4,300 - $3,100 = $1,200.
• C)$4,300 - $1,050 - $1,550 = $1,700.
• D)$9,100 - $1,050 - $3,100 = $4,950.
• E)None of these.

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Definitions:

Bank Teller

A financial service professional who assists customers in managing bank accounts, executing transactions such as deposits and withdrawals, and providing information on bank products.

Poisson Distributed

A probability distribution that measures the likelihood of a given number of events happening in a fixed interval of time or space.

Exponentially Distributed

A probability distribution that describes the time between events in a Poisson process, showing continuous and memoryless properties.

Poisson Distributed

Poisson distributed is a statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space if these events happen with a known constant mean rate and independently of the time since the last event.