In figuring his net income, Mr. Halkides listed his salary income of $15,000, $258 from his dividends, and $2562 from the sale of property. His deductions included $1346 in taxes, $1598 in business expenses, and $48 in interest payments. What was his net income?

What is a net income?

How do i work out this problem?

What is the answer?

Question

Mathematics

Malia Mcintosh

26 September, 06:26

In figuring his net income, Mr. Halkides listed his salary income of $15,000, $258 from his dividends, and $2562 from the sale of property. His deductions included $1346 in taxes, $1598 in business expenses, and $48 in interest payments. What was his net income?

What is a net income?

How do i work out this problem?

What is the answer?

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Answers (1)

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Katie Farley · Answer 1

Net income is all cost factors put together, so total income minus total expenses.

15000 + 258 + 2562 = 17820

1346 + 1598 + 48 = 2992

17820 - 2992 = $14828