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If an individual makes $4,000 in salary per month and has a side job making $20 per hour for 10 hours a week for 4 weeks in a month, and they receive $1,000 per month in rent from a roommate, what is their gross income?(1 point) Responses $4,000 $4,000 $4,800 $4,800 $5,800 $5,800 Cannot be determined, because taxes and deductions are not provided Cannot be determined, because taxes and deductions are not provided

1 answer

To calculate the gross income, we need to add up all the sources of income:

  1. Salary: $4,000 per month
  2. Side Job: $20 per hour for 10 hours a week for 4 weeks:
    • Weekly income from side job: $20 * 10 hours = $200
    • Monthly income from side job: $200 * 4 weeks = $800
  3. Rent from Roommate: $1,000 per month

Now we can sum these amounts:

  • Salary: $4,000
  • Side Job: $800
  • Rent: $1,000

Total Gross Income = $4,000 + $800 + $1,000 = $5,800

Therefore, the correct option is $5,800.