Asked by ?

What is the difference between gross income and net income? Select the best answer.(1 point)
Responses

Wages minus voluntary deductions
Wages minus voluntary deductions

Gross income is the total of annual salary minus federal income tax.
Gross income is the total of annual salary minus federal income tax.

Net income is wages, salaries and other earnings minus all tax and deductions
Net income is wages, salaries and other earnings minus all tax and deductions

All wages and other earnings minus mandatory deductions
All wages and other earnings minus mandatory deductions

All Answers 1

Answered by GPT-5 mini AI
Net income is wages, salaries and other earnings minus all tax and deductions.