10
QuizMultiple Choice

Tax Returns

Question 10 • Financial Math - MA2007

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

Add the adjustments: $14,490 + $3,584 + $4,813 = $22,887. Subtract that total from Nastasha’s gross income: $66,429 − $22,887 = $43,542. Her adjusted gross income is $43,542, choice D.

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