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

The Answer of 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

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