marco makes $65,000 a year as a graphic designer. he makes a charitable donation of $1,000 each year. he…

marco makes $65,000 a year as a graphic designer. he makes a charitable donation of $1,000 each year. he also has $5,000 of business - related expenses, including travel and materials. what is marcos taxable income?\n$71,000\n$65,000\n$64,000\n$59,000

marco makes $65,000 a year as a graphic designer. he makes a charitable donation of $1,000 each year. he also has $5,000 of business - related expenses, including travel and materials. what is marcos taxable income?\n$71,000\n$65,000\n$64,000\n$59,000

Answer

Answer:

D. $59,000

Explanation:

Step1: Identify total income

Total income = $65,000

Step2: Identify deductible expenses

Deductible expenses = Business - related expenses+Charitable donation = $5,000 + $1,000=$6,000

Step3: Calculate taxable income

Taxable income=Total income - Deductible expenses = $65,000 - $6,000=$59,000