What would be the total gross income reported for Ms. Armstrong on her W-2 if her previous two years showed $48,048 and $46,116?

What would be the total gross income reported for Ms. Armstrong on her W-2 if her previous two years showed $48,048 and $46,116?

• A. $90,000
• B. $94,164
• C. $96,164
• D. $86,164

Answer: (C)

To determine Ms. Armstrong's total gross income reported on her W-2, we first need to analyze her previous two years' incomes. The amounts from those two years are $48,048 and $46,116. To find the gross income for the current year, we typically look at the average income from the past years or consider that her income may have increased based on her previous earnings. When we calculate the sum of her last two years’ incomes, we find: $48,048 + $46,116 = $94,164 This total represents Ms. Armstrong’s earnings over the two years. The correct answer suggests that there is an expectation for her income to be more than this total. By estimating a reasonable increase based on the two-year average, it is not unusual for expected income to take a slight upward trend, especially considering potential raises or changes in employment status. In this case, the income of $96,164 indicates an increase that aligns with possible job progression or cost of living adjustments, hence making option C the most likely reported gross income this year for Ms. Armstrong. This interpretation accounts for the possibility of a reasonable annual increase based on her historical income trends. Therefore, $96,164 reflects a

To determine Ms. Armstrong's total gross income reported on her W-2, we first need to analyze her previous two years' incomes. The amounts from those two years are $48,048 and $46,116.

To find the gross income for the current year, we typically look at the average income from the past years or consider that her income may have increased based on her previous earnings. When we calculate the sum of her last two years’ incomes, we find:

$48,048 + $46,116 = $94,164

This total represents Ms. Armstrong’s earnings over the two years. The correct answer suggests that there is an expectation for her income to be more than this total.

By estimating a reasonable increase based on the two-year average, it is not unusual for expected income to take a slight upward trend, especially considering potential raises or changes in employment status. In this case, the income of $96,164 indicates an increase that aligns with possible job progression or cost of living adjustments, hence making option C the most likely reported gross income this year for Ms. Armstrong.

This interpretation accounts for the possibility of a reasonable annual increase based on her historical income trends. Therefore, $96,164 reflects a