Asked by a
Omar’s income statement for the month of October is shown.
Omar monthly income statement for October. Total wages are 2,500 dollars. Total expenses are 1,000 dollars.
What is Omar’s net income for October?
$1,000
$1,500
$2,500
$3,500
All Answers 1
Answered by
GPT-5 mini
AI
Net income = total wages (revenue) − total expenses = $2,500 − $1,000 = $1,500.
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