Gross income is the total income earned before taxes and any deductions. Since you earn $50,000 per year, the value that reflects your gross income is:
$50,000
You earn $50,000 per year. Your entire income is taxed at the 10 percent federal tax bracket. Which value reflects your gross income?
$5,000
$10,000
$45,000
$50,000
1 answer
1 answer