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CaHeK987 [17]
3 years ago
11

George Washburn had earnings from his salary of $34,000, interest on savings of $800, a contribution to a traditional individual

retirement account of $1,500, and dividends from mutual funds of $600. George's adjusted income (AGI) would be:_______.a. $62,045.
b. $60,060.
c. $55,450.
d. $57,310.
Business
1 answer:
elena-s [515]3 years ago
4 0

Answer:

$33,900 (none of the options given in the question are correct).

Explanation:

George's adjusted gross income (AGI) will include his personal earnings from his salary, the interest that he has earned from savings, and the dividends that he got from mutual funds, but it will not include his contribution to his individual retirement account, because individual retirement accounts are not included in AGI.

Therefore, George's AGI is equal to:

$34,000 + $800 + $600 - $1,500 = $33.900

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When school districts are funded by local taxes only, the likelihood of disparities in funding goes up.
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The Pita Pit borrowed $198,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest
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