Question

18. One month, the Taylor family had cash receipts of $876.16. Their excess of cash receipts above cash payments was $56.14. What were the total cash payments for the month?

A. $932.30
B. $56.14
C. $820.02
D. $763.88

Answer 1

$820.02

Explanation:

Since the Taylor family had cash receipts of $876.16 and their excess of cash receipts above cash payments was $56.14.

The total cash payments for the month will be calculated as:

= $876.16 - $56.14

= $820.02