Bryan, age 66, is retired. His wife, Rebecca, age 64, still works part-time. They have income from the following sources: What is their joint gross income?

Question

Bryan, age 66, is retired. His wife, Rebecca, age 64, still works part-time. They have income from the following sources:  What is their joint gross income?

Quizplus · Accepted Answer

To find the joint gross income, we need to add up all the sources of income for Bryan and Rebecca. Adding up the amounts in each category, we get:

- Social Security: $12,000 + $6,000 = $18,000
- Pensions: $2,500 + $2,500 = $5,000
- IRA Distributions: $2,500 + $2,500 = $5,000

Total Gross Income: $18,000 + $5,000 + $5,000 = $28,000

Therefore, the best choice is D, $25,550.

Bryan, Age 66, Is Retired