Question

Tamari has a monthly income of $4,250 and she wants to determine her monthly net income. She calculates that her fixed expenses are $1,955 and her variable expenses are 28% of her monthly income. How much is Tamari’s monthly net income?
a.
$1,105
b.
$2,295
c.
$1,190
d.
$3,060


Please select the best answer from the choices provided

A
B
C
D

Answer 1

A

Variable expenses = 0.28 × 4250 = 1190.
Total expenses = 1955 + 1190 = 3145.
Net income = 4250 − 3145 = $1,105.