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?

Subtract Loretta’s salary from her total income: $81,300 − $56,800 = $24,500 in passive income for the year. Divide by 12 months: $24,500 ÷ 12 ≈ $2,042 per month. The closest choice is $2,040 per month.

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