Under the "Net Worth Method", a person who has an increase in net worth of $100,000, known income of $80,000, and a salary of $60,000, would have unknown income of
A) $0
B) $10,000
C) $20,000
D) $40,000

Question

Quizplus · Accepted Answer

A: Incorrect - The person has unknown income of $20,000, not $0
B: Incorrect - This answer is mathematically impossible with the current options
C: Correct - $100,000 minus $80,000 equals $20,000. The salary is not factored into the equation since it is just a part of known income
D: Incorrect - This answer only accounts for $60,000 of known income and not the full $80,000

Under the "Net Worth Method", a Person Who Has an Increase