kevin, while calculating his tax adjustments, notes that he can make adjustments of $3,435 for contributions…

kevin, while calculating his tax adjustments, notes that he can make adjustments of $3,435 for contributions to his retirement plan, $3,393 for business losses, and $1,128 for business expenses. if kevin’s gross income is $45,942, what is his adjusted gross income?\na. $53,898\nb. $40,242\nc. $41,421\nd. $37,986\nplease select the best answer from the choices provided\na\nb\nc\nd

kevin, while calculating his tax adjustments, notes that he can make adjustments of $3,435 for contributions to his retirement plan, $3,393 for business losses, and $1,128 for business expenses. if kevin’s gross income is $45,942, what is his adjusted gross income?\na. $53,898\nb. $40,242\nc. $41,421\nd. $37,986\nplease select the best answer from the choices provided\na\nb\nc\nd

Answer

Explanation:

Step1: Identify total adjustments

Sum the adjustments: ( 3435 + 3393 + 1128 ) ( 3435 + 3393 = 6828 ); ( 6828 + 1128 = 7956 )

Step2: Subtract from gross income

Gross income is ( $45,942 ). Adjusted gross income = ( 45942 - 7956 ) ( 45942 - 7956 = 37986 )? Wait, no—wait, recheck. Wait, maybe I misread. Wait, the problem: contributions (( 3435 )), business losses (( 3393 )), business expenses (( 1128 )). So total adjustments: ( 3435 + 3393 + 1128 ). Let's recalculate: ( 3435 + 3393 = 6828 ); ( 6828 + 1128 = 7956 ). Then ( 45942 - 7956 = 37986 )? But option d is ( $37,986 ). Wait, but wait, maybe I made a mistake. Wait, let's check the numbers again. Wait, the gross income is ( $45,942 ). Adjustments: ( 3,435 ) (retirement), ( 3,393 ) (business losses), ( 1,128 ) (business expenses). So total adjustments: ( 3435 + 3393 + 1128 = 7956 ). Then adjusted gross income: ( 45942 - 7956 = 37986 ), which is option d. Wait, but let me check again. Wait, maybe the problem is different. Wait, no, the calculation is ( 45942 - (3435 + 3393 + 1128) = 45942 - 7956 = 37986 ). So the answer should be d.

Answer:

d. $37,986