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?

Answer 1

total income last year is 81,300$
and salaried income is 56,800$

so passive income of entire year is 81,300-56,800= 24,500$

so passive income for a month would be 24,500/12= 2,041.66$

Answer 2

The Total income last year is 81,300$ and currently  income for 56,800$

income of entire year is 81,300-56,800= 24,500$

income for a month would be 24,500/12= 2,041.66$

81300 - 56800 = 24500 so she is made 24500 in passive income for the year and there are divide by 12 because there is 12 months in a correct answer is 24500/12 = 2041.67 per month.