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.\nwhat 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.\nwhat is marcos taxable income?\n$71,000\n$65,000\n$64,000\n$59,000

Answer

Explanation:

Step1: Identify total income

Total income = $65000$

Step2: Identify deductible amounts

Deductible amounts = Charitable donation + Business - related expenses = $1000 + 5000=6000$

Step3: Calculate taxable income

Taxable income = Total income - Deductible amounts = $65000 - 6000 = 59000$

Answer:

D. $59,000$