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lozanna [386]
1 year ago
15

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
Mathematics
2 answers:
Lelechka [254]1 year ago
4 0

<u>Answer:</u>  d. $62,080

<u>Step-by-step explanation:</u>

<u></u>

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

Alexandra [31]1 year ago
3 0

Answer:

D. d. 62,080

Step-by-step explanation:

got it on right on Edge/E2020.

hope it helped

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