What was his net income? Tyrone's gross income was $388.40. Hisdeductions were $89.33. What was his netincome?

Step 1: Define Net IncomeIn finance and accounting, net income is the total income to an individual…

Answered: Tyrone's gross income was $388.40. His…

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter4: Gross Income

Section: Chapter Questions

Problem 26P

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Tyrone's gross income was $388.40. His deductions were $89.33. What was his net income?