3
QuizMultiple Choice

Careers, Salaries, and Lifetime Income

Question 3 • (Pizzella)WCA 6180 Personal Finance 1 - Part 1

Nastasha has a gross income of $66,429. She can make adjustments of $14,490 for business losses, $3,584 for business expenses, and $4,813 for contributions to her retirement plan. What is Nastasha’s adjusted gross income?

Answer
A
$109,971
B
$22,887
C
$72,522
D
$43,542

Explanation

Adjusted gross income is gross income minus adjustments. The adjustments total $14,490 + $3,584 + $4,813 = $22,887. Subtracting this from $66,429 gives $43,542, so the correct choice is $43,542.

AI-written and checked against the verified answer.

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