Katherine Green is single with $146,000 in gross income from her job at the Caitlin Bank. During the year she had $4, 300 in adjustments. She had $ 23,000 in eligible 7.5% medical expenses and $14,000 in fully itemized deductions. She has 2 eligible children. She had $10,000 worth of taxes withheld throughout the year. What is the Adjusted Gross Income? 141,700; 126,000; 145, 100; 120, 500

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Katherine Green is single with $146,000 in gross income from her job at the
Caitlin Bank. During the year she had $4, 300 in adjustments. She had $
23,000 in eligible 7.5% medical expenses and $14,000 in fully itemized
deductions. She has 2 eligible children. She had $10,000 worth of taxes
withheld throughout the year. What is the Adjusted Gross Income? 141,700;
126,000; 145, 100; 120, 500
Transcribed Image Text:Katherine Green is single with $146,000 in gross income from her job at the Caitlin Bank. During the year she had $4, 300 in adjustments. She had $ 23,000 in eligible 7.5% medical expenses and $14,000 in fully itemized deductions. She has 2 eligible children. She had $10,000 worth of taxes withheld throughout the year. What is the Adjusted Gross Income? 141,700; 126,000; 145, 100; 120, 500
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