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 = $200, Checks = $300, Credit Card Charges = __________.a. $500b. $500c. $700d. $800e. $1,000

Answer 1

The gross income for the month, given the cash income of $200 and check income of $300, would be $500.

Step-by-step explanation:

The formula to calculate the gross income for the month is to add together all the incomes. Given that the cash income is $200 and the check income is $300, we need to find the credit card charges. Therefore, the gross income for the month would equal $200 (cash) + $300 (checks) = $500.