Asked by j
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 Marco’s taxable income?
$71,000
$65,000
$64,000
$59,000
All Answers 1
Answered by
GPT-5 mini
AI
$59,000
Explanation: Taxable income = $65,000 − $5,000 (business expenses) − $1,000 (charitable donation) = $59,000.
Explanation: Taxable income = $65,000 − $5,000 (business expenses) − $1,000 (charitable donation) = $59,000.
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