Question

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?
a. $109,971
b. $22,887
c. $72,522
d. $43,542
please select the best answer from the choices provided
a
b
c
d

Explanation:

Step1: Recall AGI formula

Adjusted Gross Income (AGI) = Gross Income - Adjustments (business losses, business expenses, contributions)

Step2: Identify values

Gross Income = $66,429; Business losses adjustment = $14,490; Business expenses adjustment = $3,584; Contributions adjustment = $4,813

Step3: Calculate total adjustments

Total adjustments = 14,490 + 3,584 + 4,813 = 14,490 + 8,397 = 22,887

Step4: Calculate AGI

AGI = 66,429 - 22,887 = 43,542? Wait, no, wait. Wait, maybe I misread. Wait, the problem says "adjustments of $14,490 for business losses, $3,584 for business expenses, and $4,813 for contributions". So AGI = Gross Income - (business losses + business expenses + contributions). So 66,429 - (14,490 + 3,584 + 4,813). Let's compute 14,490 + 3,584 = 18,074; 18,074 + 4,813 = 22,887. Then 66,429 - 22,887 = 43,542? But option d is $43,542? Wait, the options: a. $109,971; b. $22,887; c. $72,522; d. $43,542. Wait, maybe I miscalculated. Wait 66,429 - 14,490 = 51,939; 51,939 - 3,584 = 48,355; 48,355 - 4,813 = 43,542. Yes, so the answer is d. Wait, but the option d is $43,542. So that's the calculation.

Answer:

d. $43,542