Question

Loretta’s 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? a. $2,040 b. $2,125 c. $4,730 d. $6,775 please select the best answer from the choices provided a b c d

Answer 1

Loretta's passive income for each month was $2040.

According to the given question.

Loretta’s income last year was $81,300.

she made $56,800 at her salaried job.

To find out the amount of the additional passive income last year, subtract the amount earned at her salaried job from Loretta’s income last year.

Therefore,

Additional passive income = $81,300 - $56,800 = $24500

So, the passive income of Loretta each month

= $24500/12

= $2041.66

≈ $2040

Hence, Loretta's passive income for each month was $2040.

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