What was Nolan's total share of net income for 2017?
A) $63,000.
B) $53,000.
C) $58,000.
D) $29,000.
E) $51,000.

Question

Quizplus · Accepted Answer

According to the chart, Nolan had a salary of $40,000 and a 20% share of net income which was $90,000. Hence, Nolan's share of net income was (20/100) * $90,000 = $18,000. Therefore, Nolan's total income for 2017 was $40,000 + $18,000 = $58,000. Therefore, the correct answer is option C.

What Was Nolan's Total Share of Net Income for 2017