9
QuizMultiple Choice

Tax Returns

Question 9 • FL-2102373-Personal Finance and Money Management Honors

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
$
$109,971
$
$22,887
$
$72,522
$
$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.