In figuring his net income, Mr.Halkides listed his salary income of $15,000, $258 from his dividends,and $2562 from the sale of

Question

4 years ago

9

In figuring his net income, Mr.Halkides listed his salary income of $15,000, $258 from his dividends,and $2562 from the sale of

property. His deductions included $1346 in taxes, $1598 in business expenses, and $48 in interest payments. What was his net income?
What is a net income?

How do i work out this problem?

What is the answer?

Mathematics

1 answer:

Black_prince [1.1K] · Answer 1 · 2021-12-30T07:08:22+03:00

Black_prince [1.1K]4 years ago

5 0

Net income is all cost factors put together, so total income minus total expenses.

15000 + 258 + 2562 = 17820
1346 + 1598 + 48 = 2992
17820 - 2992 = $14828