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 nastashas adjusted gross income? a. $109,971 b. $22,887 c. $72,522 d. $43,542

Explanation:

Step1: Calculate total adjustments

First, we need to find the sum of all the adjustments. The adjustments are $14,490 (business losses), $3,584 (business expenses), and $4,813 (retirement contributions). So we add them together: $14,490 + $3,584 + $4,813.
First, add $14,490 and $3,584: $14,490 + $3,584 = $18,074.
Then add $18,074 and $4,813: $18,074 + $4,813 = $22,887.

Step2: Calculate adjusted gross income

Adjusted gross income is gross income minus total adjustments. The gross income is $66,429, and total adjustments are $22,887. So we do $66,429 - $22,887.
$66,429 - $22,887 = $43,542.

Answer:

d. $43,542