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What is Omar's net income for October

A. $1,000
B. $1,500
C. $ 2,500
D. $ 3,500

What is Omar's net income for October A. $1,000 B. $1,500 C. $ 2,500 D. $ 3,500-example-1
User Jlettvin
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2 Answers

7 votes
the correct answer is (B)
User Martti
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3 votes

Answer:

Option B

Omar's net income for October is $1500.

Explanation:

The net income(NI) is calculated by subtracting total expenses(TE) from the total revenue(TR).

Total Revenue= wages(after taxes)+Commission=$2000+$500=$2,500

Total Expenses=Food+Rent+Transportation+Clothing+Medical Insurance=$100+$700+$100+$50+$50=$1,000

Now, to find the Net Income of Omar's in October is,

NI=TR-TE=$2500-$1000=$1500

Hence, the net income of Omar's for October is $1500.

User Paaland
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