Income from known sources subtracted from the total income gives a reasonable estimate of: a. Unknown funds b. Liabilities c. Living expenses d. Net worth

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asked Apr 7, 2021 48.1k views

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StuR · Answer 1 · 2021-04-13T04:34:32+0000

Answer:

The correct answer is (a)

Step-by-step explanation:

Income is generated from known and unknown sources. Generally, it is hard to know the unknown sources from where the income is generated but it is easier to know the amount of income generated from the unknown sources. Likewise, when the amount of income from known sources is subtracted from total income the amount of income from unknown sources can be estimated.

Income from known sources subtracted from the total income gives a reasonable estimate of: a. Unknown funds b. Liabilities c. Living expenses d. Net worth

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