Question

What is Kaycie's net income?

Kaycie Muñoz

Monthly Income Statement

September 2013

Income (after taxes)

Total income

Wages

$2,700

Expenses

Food

Rent

Transportation

$210 Clothing

$975 | Medical Insurance

$120 Car Insurance

$90

$60

$50

Total expenses:

2??

Net income income - expenses):

???

Answer 1

1195

Explanation:

Answer 2

$1195

Explanation:

Kaycie's Total Income = $2,700

Expenses

• Food -$210
• Rent -$975
• Transportation -$120
• Clothing -$90
• Medical Insurance -$60
• Car Insurance -$50

Total Expenses =210+975+120+90+60+50 =$1505

Net Income =Total Income - Total Expense

=2,700-1505

=$1195