mr. morgan earns $38,000 a year as a salesperson and a 5% commission on all his sales. he has a mortgage of…

mr. morgan earns $38,000 a year as a salesperson and a 5% commission on all his sales. he has a mortgage of $910 a month and pays $175 a month for utilities. mr. morgan owns a rental property for which he receives $680 per month. which is a liability? the yearly salary the commission the mortgage the rental property

mr. morgan earns $38,000 a year as a salesperson and a 5% commission on all his sales. he has a mortgage of $910 a month and pays $175 a month for utilities. mr. morgan owns a rental property for which he receives $680 per month. which is a liability? the yearly salary the commission the mortgage the rental property

Answer

Brief Explanations:

In business - finance, a liability is an obligation. A mortgage is a debt obligation. A salary and commission are income sources, and a rental property is an asset.

Answer:

the mortgage