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Novosadov [1.4K]
3 years ago
12

Nastasha has a gross income of $66,429. she can make adjustments of $14,490 for business losses, $3,584 for business expenses, a

nd $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
Business
1 answer:
babunello [35]3 years ago
7 0
The answer to the question above is letter D. If Natasha has a gross income of $66,429. And has an adjustment of $14,490 for her business losses, $3,584 for her business expenses and $4,813 for her retirement contribution plan. The total remaining income is $43,542.
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Explanation:

I think your question is missed of key information, allow me to add in and hope it will fit the original one.  

<em>a. Accounts receivable 8,000 Sales 8,000 </em>

<em>b. Accounts receivable 7,840 Sales 7,840 </em>

<em>c. Accounts receivable 7,840 Cash discounts 160 Sales 8,000 </em>

<em>d. Accounts receivable 8,000 Cash discounts 160 Sales 7,840</em>

My answer:

Given:

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Journal Entry for record sale on 10th November

Date                Account                                                Debit              Credit

Nov 10              Cash                                                   $8000  

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                       (8000 × 98%)

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So Accounts receivable 7,840 Cash discounts 160 Sales 8,000  we choose C

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