Question

Use this formula to help solve the problem. gross income = total of all incomes added together Given the following information what does the gross income for the month equal? Cash = $100, Checks = $200, Credit Card Charges = $400

Answer 1

$700

Step-by-step explanation:

Data provided in the question:

Formula for gross income

gross income = total of all incomes added together

Cash = $100,

Checks = $200,

Credit Card Charges = $400

Now,

gross income according to the given formula will be

Gross income = Cash + Checks + Credit Card Charges

or

Gross income = $100 + $200 + $400

or

Gross income = $700