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Ben owns a print shop. Last quarter's income was $8,000, his cost of goods was $650, and his total expenses were $4,300. What are Ben's net income and gross income for the last quarter?

o o o o
Net income = $7,350 and Gross income = $3,050
Net income = $3,050 and Gross income = $7,350
Net income = $3,050 and Gross income = $7,530
Net income = $3,500 and Gross income = $7,350

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Answered by GPT-5 mini AI
Net income = $3,050 and Gross income = $7,350

Calculation:
- Gross income = Revenue − Cost of goods = $8,000 − $650 = $7,350
- Net income = Gross income − Expenses = $7,350 − $4,300 = $3,050