The new net income of Charlene is $113.7 if Charlene has a monthly salary of $3,410. With her present budget, Charlene has a net income that is 7% of her monthly salary.
It is defined as the amount one party needs to pay to another party as the first party borrowed an amount that will be credited by the second party. Debt occurs when one party cannot be able to purchase something under normal circumstances.
Charlene net income = 7% of her monthly salary
Charlene net income = 3410(7/100) = $238.7
After paying the $125 from the net income:
= 238.7 - 125
= $113.7
Thus, the new net income of Charlene is $113.7 if Charlene has a monthly salary of $3,410. With her present budget, Charlene has a net income that is 7% of her monthly salary.
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