an office has total expenses of $16,986 plus a total income in the amount of $20.986. The gross income of the business is a. $37.972, b. $16.986,
c. $4.000, d. $20.986
Total Income = Gross Income MINUS Total Expenses
Solve for Gross Income
To calculate the gross income of the business, you need to subtract the total expenses from the total income.
Total income - Total expenses = Gross income
In this case, the total expenses are given as $16,986 and the total income is $20,986.
$20,986 - $16,986 = $4,000
Therefore, the gross income of the business is $4,000 (option c).