Real Estate Math
A Wyoming broker's annual gross commission income is $240,000. The broker pays 40% in overhead. What is the broker's net income?
A$96,000
B$120,000
C$144,000✓ Correct
D$168,000
Explanation
Overhead = $240,000 × 40% = $96,000. Net income = $240,000 − $96,000 = $144,000. To solve this, multiply the relevant values: $240,000 at 40%.. The correct answer is $144,000.. This is a common calculation on the Wyoming real estate exam.
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