when preparing a monthly budget, describe how net income is calculated.\na. net income is calculated by…

when preparing a monthly budget, describe how net income is calculated.\na. net income is calculated by taking the expenses subtotal and subtracting the income subtotal.\nb. net income is calculated by taking the income subtotal and subtracting the expenses subtotal.\nc. subtracting the expenses subtotal from the net income will give you the income subtotal.\nd. adding the expenses subtotal to the net income will give you the income subtotal.\nplease select the best answer from the choices provided\na\nb\nc\nd

when preparing a monthly budget, describe how net income is calculated.\na. net income is calculated by taking the expenses subtotal and subtracting the income subtotal.\nb. net income is calculated by taking the income subtotal and subtracting the expenses subtotal.\nc. subtracting the expenses subtotal from the net income will give you the income subtotal.\nd. adding the expenses subtotal to the net income will give you the income subtotal.\nplease select the best answer from the choices provided\na\nb\nc\nd

Answer

Brief Explanations:

Net income is the amount left after deducting total expenses from total income. So, it is calculated as income subtotal minus expenses subtotal.

Answer:

B. Net income is calculated by taking the income subtotal and subtracting the expenses subtotal.