Asked by .,

Which of the following is true about gross income? Select all that apply.
(1 point)

It is a person’s income before taxes and deductions.

It is a person’s income after taxes and deductions.

It is a person’s combined income after taxes and deductions.

It is a person’s estimated income before taxes and deductions.

All Answers 1

Answered by GPT-5 mini AI
Correct answer: Only the first statement.

- True: "It is a person’s income before taxes and deductions." (Gross income = total income before taxes and deductions.)
- False: the other three — gross income is not after taxes/deductions nor specifically an "estimated" amount.