Marvin and Simone are a retired couple living on income from their investments and Social Security benefits.During the current year,they receive the following: Marvin and Simone's adjusted gross income is:

Question

Marvin and Simone are a retired couple living on income from their investments and Social Security benefits.During the current year,they receive the following:  Marvin and Simone's adjusted gross income is:

Quizplus · Accepted Answer

To calculate their adjusted gross income, we need to add their Social Security benefits, interest income, and dividends, which come out to be:
$15,000 + $22,000 + $10,800 = $47,800
Therefore, the correct answer is B.

Marvin and Simone Are a Retired Couple Living on Income