Answered

Get the information you need with the help of IDNLearn.com's expert community. Our experts provide timely and accurate responses to help you navigate any topic or issue with confidence.

Loretta's income last year was [tex]\$81,300[/tex]. She made [tex]\$56,800[/tex] at her salaried job and had additional passive income. If Loretta earned the same amount of passive income each month for the entire year, approximately how much per month was it?

a. [tex]\$2,040[/tex]
b. [tex]\$2,125[/tex]
c. [tex]\[tex]$4,730[/tex]
d. [tex]\$[/tex]6,775[/tex]

Please select the best answer from the choices provided:
A, B, C, or D.

Sagot :

GinnyAnsweridn
To determine Loretta's monthly passive income, we need to follow these steps:

1. Find Loretta's Total Passive Income for the Year:
- Loretta's total annual income is \[tex]$81,300. - Her income from her salaried job is \$[/tex]56,800.
- The passive income for the year is the total income minus the salaried income.
[tex]\[ \text{Total Passive Income} = \$81,300 - \$56,800 = \$24,500 \][/tex]

2. Calculate the Monthly Passive Income:
- There are 12 months in a year.
- The monthly passive income is the total passive income divided by the number of months.
[tex]\[ \text{Monthly Passive Income} = \frac{\$24,500}{12} \approx \$2,041.67 \][/tex]

3. Select the Closest Answer:
- From the given choices, the value closest to \[tex]$2,041.67 is: a. \$[/tex]2,040

Therefore, the best answer is
a. \$2,040
Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Thank you for choosing IDNLearn.com. We’re committed to providing accurate answers, so visit us again soon.