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Paige

Monthly income statement

December

Income

Wages (after taxes) $1,850



Total income. ???

Expenses

Food. $120

Rent. $550

Transportation. $130

Clothing. $70

Medical insurance. $30

Total expenses. ???

Net income. ???

What is Paige's net income for December?

A.900

B.950

C.1,850

D.2,750

Verified Answer :

HaydenGemeinhardt1

The net income is the money left after expenses. Expenses equaled 900, so 1,850 - 900 would equal B. 950.

JeanaShupp

Answer: B. $950


Step-by-step explanation:

Given: Paige's December income wages=$1850

Her expenses: Food= $120

Rent= $550

Transportation= $130

Clothing= $70

Medical insurance= $30

Total expenses= $120+$550+$130+$70+$30=$900

Net income= Income wages- total expenses

Thus, net income= $1850-$900=$900

⇒ Paige's net income for December=$950

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