deidre owns a pet store. last month, her income was $5,500, her cost of goods was $800, and her total…

deidre owns a pet store. last month, her income was $5,500, her cost of goods was $800, and her total expenses were $2,600. what are deidres net income and gross income for last month? net income = $2,100 and gross income = $4,700 net income = $2,100 and gross income = $4,200 net income = $3,100 and gross income = $4,700 net income = $4,700 and gross income = $2,100

deidre owns a pet store. last month, her income was $5,500, her cost of goods was $800, and her total expenses were $2,600. what are deidres net income and gross income for last month? net income = $2,100 and gross income = $4,700 net income = $2,100 and gross income = $4,200 net income = $3,100 and gross income = $4,700 net income = $4,700 and gross income = $2,100

Answer

Explanation:

Step1: Calculate gross income

Gross income is income minus cost of goods. So, $5500 - 800=$4700$.

Step2: Calculate net income

Net income is gross income minus total expenses. So, $4700 - 2600=$2100$.

Answer:

Net income = $2,100 and Gross income = $4,700