QUESTION 15 Which of the following is evidence that a license holder has disclosed her agency relationship to a party she
represents?

(D) $780 in 2015.

Explanation:

The computation is shown below:

For 2014

The gross income = Per month cost × number of months + Per month cost × number of months

= $40 × 6 months + $30 × 6 months

= $240 + $180

= $420

For 2015

The gross income = One year cost - (Per month cost × number of months) + two year cost - (Per month cost × number of months)

= $480 - ($40 × 6 months) + $720 - ($30 × 6 months)

= $240 + $540

= $780

The 6 months is calculated from July 1 to December 31