Question

Karl works at Moe's grocery. This year Karl was paid $30,000 in salary, but he was allowed to purchase his groceries at 15 percent below Moe's cost. This year Karl spent $2,040 to purchase groceries, costing Moe $2,400. The groceries were worth $3,600. What amount must Karl include in his gross income

Answer 1

Answer:

$30,360

Explanation:

Calculation for What amount must Karl include in his gross income

Gross income amount= [($30,000 + ($2,400 × .15))]

Gross income amount=$30,000 + $360

Gross income amount= $30,360

Therefore the amount that Karl must include in his gross income is $30,360