​Alan and Sara Winthrop Are a Married Couple Who File

question 70

Multiple Choice

​Alan and Sara Winthrop are a married couple who file a joint income tax return.They have two children,so they claim a total of 4 exemptions.In addition,they have legitimate itemized deductions totaling $25,750.Their total income from wages is $237,500.What is the couple's taxable income?

• A) ​$195,750
• B) ​$205,750
• C) ​$211,750
• D) ​$221,500
• E) ​$229,500

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Definitions:

Strike

A work stoppage caused by the mass refusal of employees to work, typically to protest against terms of employment, working conditions, or other labor issues.

Wisconsin Public Sector

Refers to the portion of Wisconsin's economy that is controlled and operated by government entities, including state and local government jobs and services.

Collective Bargaining

A process where employers and representatives of employees negotiate terms of employment, including wages, hours, and working conditions.

Base Wages

The initial or minimum amount paid to an employee for their services, excluding any additional benefits, bonuses, or overtime.