What is Kaycie’s net income?

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Question:

What is Kaycie’s net income?

Net income of Kaycie is \$1,195

Step-by-step explanation:

We are given a monthly Income statement of September 2013.

First we count total income of Kaycie’s

Income = Wages

Total Income = \$2,700

Now we calculate total expenses

Kaycie’s expenses are on food, rent clothing, transportation, medical and Insurance.

Expenses = Food+Rent+Clothing+Transportation+Medical+Insurance

Expenses=210+975+90+120+60+50

Total Expenses = \$1,505

Net Income = Total Income – Total Expenses

Net Income = 2700 – 1505

Net Income = \$1,195

Thus, Net income of Kaycie is \$1,195.

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