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
To find the gross income of the business, we need to subtract the total expenses from the total income.
Total income - Total expenses = Gross income
Substituting the given values:
$20,986 - $16,986 = Gross income
Calculating:
$4,000 = Gross income
Therefore, the correct answer is c. $4,000.
To calculate the gross income of the business, we need to subtract the total expenses from the total income.
In this case, the total expenses are $16,986 and the total income is $20,986.
To find the gross income, subtract the total expenses from the total income:
$20,986 - $16,986 = $4,000
Therefore, the gross income of the business is $4,000.
The correct answer is option c. $4,000.