lorettas income last year was $81,300. she made $56,800 at her salaried job and had additional passive…

lorettas income last year was $81,300. she made $56,800 at her salaried job and had additional passive income. loretta earned the same amount of passive income each month for the entire year, approximately how much was it? a. $2,040 b. $2,125 c. $4,730 d. $6,775 please select the best answer from the choices provided

lorettas income last year was $81,300. she made $56,800 at her salaried job and had additional passive income. loretta earned the same amount of passive income each month for the entire year, approximately how much was it? a. $2,040 b. $2,125 c. $4,730 d. $6,775 please select the best answer from the choices provided

Answer

Explanation:

Step1: Calculate total passive income

Total income is $81300$ and salary - job income is $56800$. So passive income = $81300 - 56800=24500$.

Step2: Calculate monthly passive income

There are 12 months in a year. Monthly passive income = $\frac{24500}{12}\approx2041.67\approx2040$.

Answer:

A. $2040$