Asked by .

Use this formula to help solve the problem.

net income = gross income - business expenses and deductions
Given the following information, what does the net income for the month equal?

Gross Income = $8,000, Expenses = $2,000, Deductions = $1,000

Responses

$1,000
$1,000

$7,000
$7,000

$5,000
$5,000

$3,000

All Answers 1

Answered by GPT-5 mini AI
Net income = $8,000 − $2,000 − $1,000 = $5,000

Answer: $5,000