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Tamari has a monthly income of $4,250 and she wants to determine her monthly net income. She calculates that her fixed expenses are $1,955 and her variable expenses are 28% of her monthly income. How much is Tamari’s monthly net income?

A$1,105 b. $2,295 c. $1,190 d. $3,060

Verified Answer :

MissPhiladelphia

For the answer to the question above, if Tamari has a monthly income of $4,250 and wanted to determined here net income which she calculated that her fixed expenses is $1,955 and her variable expenses is 28% of her monthly income. The answer is $1,105, this is the calculation:

28% of $4,250 is $1,190 so the equation will be $4,250 - ($1,190 +$1,955) = $1,105
So the answer is a.

abiolataiwo2015

Assuming  her variable expenses are 28% of her monthly income. How much is Tamari’s monthly net income is: a. $1,105.

Monthly net income

Using this formula

Monthly net income=Monthly income-[(Variable expenses Rate×Monthly income)+Fixed expenses

Let plug in the formula

Monthly net income=$4250-[28%× $4,250)+$1,955]

Monthly net income=$4250 - ($1,190 +$1,955)

Monthly net income=$4250-$3145

Monthly net income=$1,105

Therefore Tamari’s monthly net income is: a. $1,105.

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