Business, 01.12.2019 14:31 leslylinares454
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.
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Lauren is trying to find her net income. she used the statement and the steps shown.
step...
step...
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