Question

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 Please select the best answer from the choices provide

Answer 1

Answer:  d. $62,080

Step-by-step explanation:

The capital gain is the profit earned from an investment whereas the passive income is the income generated by very minimal daily efforts.

Given: Annual income earned by Lenny = $\ 58,475$

Passive income =  $\ 1,255$

Capital gain =  $\ 2,350$

Now,  $\text{Total gross income =Annual income+Passive income+Capital gain}$

$=\ 58,475+\ 1,255+\ 2,350=\ 62,080$

Hence, Lenny's total gross income for the year = $62,080

Answer 2

Answer:

D. d. 62,080

Step-by-step explanation:

got it on right on Edge/E2020.

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