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21 June, 02:27

Lauren is trying to find her net income. She used the statement and the steps shown.

Step 1

List all income, including tips and commissions, and list all expenses, including food, entertainment, and clothing.

Step 2

Total all the income. Then total all the expenses.

Step 3

Add the total of the income and the expenses.

Which explains Lauren's error?

Lauren made an error in step 1 because she should not include tips and commissions in her income.

Lauren made an error in step 1 because she should not include entertainment in her expenses.

Lauren made an error in step 2 because she does not need to total the expenses.

Lauren made an error in step 3 because she should have subtracted the expenses from the income.

+3
Answers (2)
  1. 21 June, 06:02
    0
    the answer is D just took the tested
  2. 21 June, 06:22
    0
    Lauren made an error in step 3 because she should have subtracted expenses from income.

    Net income = (Total of all sources of income) - (Total of all bills and expenses)

    You must subtract expenses because they are things you are paying for.
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