Her adjustments to income were payments to a retirement, Ask an Expert

Management Studies

Q. Edna Kropp's gross income for a year comprised salary, $12,400; commission, $27,750; interest, $440. Her adjustments to income were payments to a retirement plan, $2,000 and a penalty for withdrawing savings early from a time-deposit account, $126.

a. Illustrate what was her gross income for the year?

b. Find out her adjusted gross income for the year.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9373427

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