If an individual makes $4,000 in salary per month and has a side job making $20 per hour for 10 hours a week for 4 weeks in a month, and they receive $1,000 per month in rent from a roommate, what is their gross income?(1 point)
$4,000
$4,000
$4,800
$4,800
$5,800
$5,800
Cannot be determined, because taxes and deductions are not provided
Cannot be determined, because taxes and deductions are not provided
total gross monthly income
= 4000 + 20*10*4 + 1000
= ....
To calculate the individual's gross income, you need to consider their salary, income from the side job, and rental income.
1. Salary per month: $4,000
2. Income from side job: $20 per hour x 10 hours per week x 4 weeks in a month = $800
3. Rental income per month: $1,000
Now, add all these figures together:
$4,000 + $800 + $1,000 = $5,800
Therefore, the individual's gross income is $5,800.
To calculate the gross income, you need to add up all the sources of income. In this case, the individual has a salary of $4,000 per month and earns additional income from a side job and rent.
First, calculate the income from the side job. The individual earns $20 per hour for 10 hours a week for 4 weeks in a month. So the income from the side job per month is:
$20/hour * 10 hours/week * 4 weeks/month = $800.
Next, add the income from the side job to the salary:
$4,000 salary + $800 from side job = $4,800.
Finally, add the income from rent:
$4,800 + $1,000 from rent = $5,800.
Therefore, the correct answer is $5,800.