1. The problem involves calculating the net income by subtracting total expenses from total income. 2. The formula to find net income is: $$\text{Net Income} = \text{Total Income} - \text{Total Expenses}$$ 3. Given: - Total Income = 6369.84 - Total Expenses = 7079.69 4. Substitute the values into the formula: $$\text{Net Income} = 6369.84 - 7079.69$$ 5. Perform the subtraction: $$\text{Net Income} = -709.85$$ 6. The negative result means expenses exceed income by 709.85. 7. Therefore, the net income is $$-709.85$$, indicating a loss or deficit.