Question

when preparing a monthly budget, describe how net income is calculated.
a. net income is calculated by taking the expenses subtotal and subtracting the income subtotal.
b. net income is calculated by taking the income subtotal and subtracting the expenses subtotal.
c. subtracting the expenses subtotal from the net income will give you the income subtotal.
d. adding the expenses subtotal to the net income will give you the income subtotal.

Explanation:

El ingreso neto se calcula restando los gastos totales (subtotal de gastos) de los ingresos totales (subtotal de ingresos). Esto significa que el ingreso neto es lo que queda después de cubrir todos los gastos.

Answer:

b. Net income is calculated by taking the income subtotal and subtracting the expenses subtotal.