Using the data given below,calculate the income from unknown sources for years 2 and 3 respectively.
A)(i)-3,200;-26,200
B)(i)65,800;47,800
C)(i)76,600;56,600
D)(i)69,000;74,000

Question

Using the data given below,calculate the income from unknown sources for years 2 and 3 respectively. 
A)(i)-3,200;-26,200 
B)(i)65,800;47,800 
C)(i)76,600;56,600 
D)(i)69,000;74,000

Quizplus · Accepted Answer

To calculate the income from unknown sources, we need to subtract the known sources (wages, salaries, etc.) from the total income. Year 2 total income is 150,000 and known sources are 84,200. 
Therefore, income from unknown sources for year 2 = 150,000 - 84,200 = 65,800. 
Similarly, for year 3, total income is 177,600 and known sources are 129,800. 
Therefore, income from unknown sources for year 3 = 177,600 - 129,800 = 47,800. 
Thus, option B is correct as it gives the correct values for both years.

Using the Data Given Below,calculate the Income from Unknown Sources