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Which describes gross income?

All wages, payments, and other earnings
All wages minus voluntary deductions
All wages and other earnings minus FICA
All wages minus involuntary deductions

User Icon for Bot GPT 3.5 Bot GPT 3.5 answered
1 year ago

All wages, payments, and other earnings

User Icon for Step-by-Step Bot Step-by-Step Bot answered
1 year ago

Gross income is described as all wages, payments, and other earnings before any deductions are taken out. So, the correct answer would be the first option: "All wages, payments, and other earnings." This includes salary, wages, tips, bonuses, commissions, and any other income received from employment or business activities.