Natalie’s income statement for the month of October is shown. Natalie monthly income statement for October. Total wages are 3,000 dollars. Total expenses are 1,070 dollars. What is Natalie’s net income for the month of October? $930. 00 $980. 00 $1,930. 00 $1,980. 0.

Respuesta :

Natalie’s net income for the month of October is $1,930.

Net Income

The net income of a person is the income of the person that is left with him after deducting all of his\her expenses and deductions.

[tex]\rm Net\ Income = Total\ salary - Total\ expenses - Deductions[/tex]

Given to us

  • Natalie's monthly income statement for October. Total wages are 3,000 dollars.
  • Total expenses are 1,070 dollars.

Natalie’s net income

the total wage Natalie is already given is $3,000, and her expenses as $1,070, while there are no deductions from his salary. therefore,

[tex]\rm Natalie 's\ Net\ Income= Total\ salary - Total\ expenses - Deductions[/tex]

                                 [tex]=\$3,000 - \$1,070 -\$0\\= \$1930[/tex]

Hence, Natalie’s net income for the month of October is $1,930.

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Answer:

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