Question

Loretta’s income last year was $81,300. She made $56,800 at her salaried job and had additional passive income. If Loretta earned the same amount of passive income each month for the entire year, approximately how much per month was it?

Answer 1

The answer is $2041.67 approx.

Explanation:

Loretta’s income last year was $81,300.

Amount made in salary = $56,800

So, additional passive income is =
`81300-56800=24500` dollars

Given that Loretta earned the same amount of passive income each month for the entire year.

So, her per month passive earning was =
`(24500)/(12)=2041.67` dollars

Therefore, the answer is $2041.67 approx.