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? Mathematics

Answer 1

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

so Lenny’s total gross income for the year is $62,080

Answer 2

Answer: $62,080

Explanation:

Given: The annual income earned by Lenny= $58,475.

Passive income earned by Lenny= $1,255

Capital gains earned by Lenny = $2,350

Now, Lenny’s total gross income for the year is given by :-

`\text{Gross income = Annual income+Passive income+Capital gains}\\\\\Rightarrow\text{Gross income }=\$58,475+\$1,255+\$2,350\\\\\Rightarrow\text{Gross income }=\$62,080`