9
QuizMultiple Choice

Sources of Income

Question 9 • SHS Alt Personal Finance - 2021

Byron’s income last year was $61,700. He made $48,000 at his plumbing job and had income from an apartment that he rented out. If Byron earned the same amount of rent each month for the entire year, approximately how much per month did he collect?

Answer
A
$940
B
$1,140
C
$4,000
D
$5,140

Explanation

Byron’s rental income for the year was $61,700 − $48,000 = $13,700. Divide that by 12 months: $13,700 ÷ 12 ≈ $1,142 per month. So he collected approximately $1,140 per month, choice B.

AI-written and checked against the verified answer.

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