Question 16 • ASSIGN FULL - EVP: PGCPS FINANCIAL LITERACY OC (FALL2026) - 795060
Subtract the adjustments from gross income: $61,026 − ($3,206 + $2,575 + $2,440) = $52,805. The mortgage interest, property tax, and medical deductions total $7,929, which is greater than the $5,700 standard deduction, so use $7,929. Subtract those deductions and the two exemptions worth $7,300: $52,805 − $7,929 − $7,300 = $37,576, the taxable income in choice C.
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