iam stuck at madiha earned $4000 salary during the month of april. she also spent $300...
iam stuck at madiha earned $4000 salary during the month of april. she also spent $300 on groceries and $1500 on rent, $800 on miscellaneous living expenses, also purchased a laptop for $1500 on her credit card. madiha net income for the month of april is.....
Homework Answers
Calaculation of Madiha net income for the month of April:
| Particulars | ($) | ($) |
| Total income: | ||
| Salary income | ||
| Less: Expenses | $4000 | |
| Groceries | ($300) | |
| Rent | ($1500) | |
| Miscellaneous living expenses | ($800) | |
| Total expenses | ($2600) | |
| Net income | $1400 |
*Purchase of laptop is not an expense since it has been considered as investing on a asset.
_____×_____
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