Question

In figuring is net income Mr. Hall kids listed his salary income of $15,000, $258 from dividends, and $2562 from the sale of property. His the ductions include $1346 in taxes, $1598 Business expenses, and $48 in interest payments. What was his net income

Answer 1

To find net income, find the money mr. hall gained, and subtract how much he loss

Gains:
$15,000 $1346
$258 $1598
$2562 $48

total: $17,280


Losses:
$1346
$1598
$48

total: $2992



17,280 - 2992=
$14,288 net income