Answered

\begin{tabular}{|l|l|ll|}
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\multicolumn{4}{|c|}{\begin{tabular}{c}
Kaycie Muñoz \\
Monthly Income Statement \\
September 2013
\end{tabular}} \\
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Income (after taxes) & Total income \\
\hline
Wages & [tex]$\$[/tex]2,700[tex]$ & & \\
\hline
Expenses & & \\
\hline
Food & $[/tex]\[tex]$210$[/tex] & Clothing & [tex]$\$[/tex]90[tex]$ \\
Rent & $[/tex]\[tex]$975$[/tex] & Medical Insurance & [tex]$\$[/tex]60[tex]$ \\
Transportation & $[/tex]\[tex]$120$[/tex] & Car Insurance & [tex]$\$[/tex]50[tex]$ \\
\hline
Total expenses: & & $[/tex]\[tex]$1,505$[/tex] \\
\hline
Net income (income - expenses): & [tex]$\$[/tex]1,195[tex]$ \\
\hline
\end{tabular}

What is Kaycie's net income?
$[/tex]\square$



Answer :

GinnyAnswer
To determine Kaycie's net income, we'll follow these steps:

1. Identify the total income after taxes:
Kaycie's income after taxes is given as [tex]$2,700. 2. List all her monthly expenses: - Food: $[/tex]210
- Clothing: [tex]$90 - Rent: $[/tex]975
- Medical Insurance: [tex]$60 - Transportation: $[/tex]120
- Car Insurance: [tex]$50 3. Calculate the total monthly expenses: Adding up all the expenses: \[ 210 + 90 + 975 + 60 + 120 + 50 = 1505 \] 4. Calculate the net income by subtracting the total expenses from the total income: \[ 2700 - 1505 = 1195 \] So, Kaycie's net income for the month is $[/tex]1,195.