200,114 views
42 votes
42 votes
The Caldwell family owns a bookstore. Last month, their gross income was $22,550. Their operating expenses were: rental costs of $3,325, labor costs of $5,455, and otherexpenses of $4,985. What was their monthly net income?$8,785$8,965$9,125$9,575None of these choices are correct.

User Kris Swat
by
2.9k points

1 Answer

14 votes
14 votes

The net income is given by:

Net income = gross income - rental costs - labor costs - other

expenses

Therefore:


\begin{gathered} Net_{\text{ }}income=22550-3325-5455-4985 \\ Net_{\text{ }}income=8785 \end{gathered}

Answer:

$8,785

User Akash Deep
by
3.1k points
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