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. if loretta earned the same amount of passive income each month for the entire year, approximately how much per month was it?\na. $2,040\nb. $2,125\nc. $4,730\nd. $6,775\nplease 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. if loretta earned the same amount of passive income each month for the entire year, approximately how much per month was it?\na. $2,040\nb. $2,125\nc. $4,730\nd. $6,775\nplease 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. $2,040$