Question
What is the difference between gross income and net income? Select the best answer.
Gross income is the total of annual salary minus federal income tax.
All wages and other earnings minus mandatory deductions.
Net income is wagers, salaries, and other earnings minus all tax and deductions.
Wages minus voluntary deductions.
Gross income is the total of annual salary minus federal income tax.
All wages and other earnings minus mandatory deductions.
Net income is wagers, salaries, and other earnings minus all tax and deductions.
Wages minus voluntary deductions.
Answers
GPT 3.5
Net income is wages, salaries, and other earnings minus all tax and deductions.