Heloise,age 74 and a Widow,is Claimed as a Dependent by Her

question 62

Essay

Heloise,age 74 and a widow,is claimed as a dependent by her daughter.For 2015,she had income as follows: $2,500 interest on municipal bonds;$3,200 Social Security benefits;$3,000 income from a part-time job;and $2,800 dividends on stock investments.What is Heloise's taxable income for 2015?

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Definitions:

Utilitarian Theories

A set of ethical theories that posit that the best action is the one that maximizes utility, typically defined as that which produces the greatest well-being of the greatest number of people.

Cost-benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine options which provide the best approach to achieve benefits while preserving savings.

Ethics

Moral principles that govern a person's behavior or the conduct of an activity.

A Priori Guidelines

Principles or rules that are derived through logic or reason, rather than from empirical observation.