Solved: Last year Lenny had an annual earned income of

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

Answer:

Total gross income = Passive income + Annual earned income + Capital gains

= $(1,255 + 58,475 + 2,350)

= $62,080

Answer: D. $62,080