QUESTION IMAGE
Question
- what is another common name for net income?
annual salary
gross pay
total earnings
take - home pay
Brief Explanations
Net income is the amount of money that remains after all deductions (such as taxes, insurance, etc.) have been taken from a person's total earnings. Take - home pay is also the amount an individual actually receives after all deductions, which is why it is another name for net income. Annual salary, gross pay, and total earnings do not account for deductions.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
D. Take - home pay