Using the net worth method,calculate an individual's income from unknown sources.The following information is available: Increase in net worth
$100,000
Known income
$80,000
Salary
$60,000
A)$0
B)$10,000
C)$20,000
D)$40,000

Question

Quizplus · Accepted Answer

The increase in net worth is $100,000. Known income (salary) is $60,000. The income from unknown sources is the increase in net worth minus the known income: $100,000 - $80,000 = $20,000.

Using the Net Worth Method,calculate an Individual's Income from Unknown