Using the following information,what is the amount of net income?

Name: Using the following information,what is the amount of net income?
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Question

Using the following information,what is the amount of net income?​​

Quizplus · Accepted Answer

The net income can be calculated by subtracting the total expenses from the total revenue.
Net Income = Total Revenue - Total Expenses
Net Income = $38,240 - ($6,700 + $1,580 + $500 + $440)
Net Income = $38,240 - $9,220
Net Income = $29,960
Therefore, the amount of net income is $29,960, which corresponds to choice B.

Using the Following Information,what Is the Amount of Net Income?​​

Using the Following Information,what Is the Amount of Net Income?