question 1\ndonler tax service performed services on account for $10,200 and incurred expenses totaling…

question 1\ndonler tax service performed services on account for $10,200 and incurred expenses totaling $5,400.\nwhat is donlers net income or net loss?\nanswer\nnet loss of $4,800\nnet loss of $15,600\nnet income of $4,800\nnet income of $15,600\ni dont know yet

question 1\ndonler tax service performed services on account for $10,200 and incurred expenses totaling $5,400.\nwhat is donlers net income or net loss?\nanswer\nnet loss of $4,800\nnet loss of $15,600\nnet income of $4,800\nnet income of $15,600\ni dont know yet

Answer

Explanation:

Step1: Recall net - income formula

Net Income = Revenues - Expenses

Step2: Identify revenues and expenses

Revenues = $10,200$, Expenses = $5,400$

Step3: Calculate net income

Net Income=$10200 - 5400=4800$

Answer:

Net Income of $4,800$