Careers, Salaries, and Lifetime Income

Question 3 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

Wanda is calculating their tax deductions. They find that they can deduct $5,522 from medical expenses, $7,240 from charitable donations, and $2,126 from property taxes. What is Wanda’s total deduction?

Answer

$5,700

$15,104

$18,284

$14,888

Add the three deductions: $5,522 + $7,240 = $12,762, and $12,762 + $2,126 = $14,888. Wanda’s total deduction is $14,888, which is choice D.

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Careers, Salaries, and Lifetime Income

Taxes

Understanding College Savings