 Hello and welcome to the session. In this session we are going to discuss the following question and the question says that Tia's last year earnings as a sales girl were $45,000. She also earned $4,100 in cash dividends from her investment. She also earned interest of $420 on her savings. She made a contribution of $3,400 in her retirement account and $1,100 to medical and health saving account. Calculate her adjusted gross income. Now let us start with the solution of the given question. Here we have to calculate Tia's adjusted gross income. For this we will first calculate her total income. Tia's last year earnings are given as $45,000. In addition to this she also earned cash dividend of $4,100 from her investment and interest of $420 on her savings. So her total income will be given by annual earnings plus cash dividends plus interest on savings. So this is equal to $45,000 plus $4,100 plus $420. And this is equal to $49,520. So her total income is given by $49,520. Now we shall calculate adjusted gross income. We know that adjusted gross income is given by total income minus specific deductions. Now here she made a contribution of $3,400 in her retirement account and $1,100 to medical and health saving account. So we will subtract these amounts from total income. This implies adjusted gross income will be given by total income minus contribution to retirement account plus contribution to medical and health saving account the whole. So here we have total income as $49,520 minus $3,400 plus $1,100. Now this is equal to $49,520 minus $4,500. So this will be equal to $45,020. Thus TR's adjusted gross income is $45,020 which is the required answer. This completes our session. Hope you enjoyed this session.