Daniel had adjusted gross income of $60,000, which consisted of $55,000 in wages and $5,000 in dividend income from taxable domestic corporations. His expenses include: What is the net amount deductible by Daniel for the above items?
A) $400
B) $600
C) $1,000
D) $1,600

Question

Daniel had adjusted gross income of $60,000, which consisted of $55,000 in wages and $5,000 in dividend income from taxable domestic corporations. His expenses include:  What is the net amount deductible by Daniel for the above items?
A) $400 
B) $600 
C) $1,000 
D) $1,600

Quizplus · Accepted Answer

11eac5e3_b0b7_e0c5_a396_138a13bc8e56_TB5639_00

Daniel Had Adjusted Gross Income of $60,000, Which Consisted of $55,000