Last year Lenny had an annual earned income of $58,475. He also had passive income of $1,255, and capital gains of $2,350. What was Lenny’s total gross income for the year? a. $58,475 b. $59,730 c. $60,985 d. $62,080
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This is the correct answer. You just need to add all his income on all of his work
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Answer:
Lenny’s total gross income = $ 62,080
Explanation:
Annual earned income = $ 58,475
Passive income = $ 1,255
Capital gains = $ 2,350
Total gross income will be addition of all the incomes as all of them are incomes and none of them are expenditures
= $ 58,475 + $ 1,255 + $ 2,350 = $ 62,080
Lenny’s total gross “income” = $ 62,080
Thus, the correct option is (d).
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