QUESTION IMAGE
Question
what is net income? income that comes in at different amounts or at different times, or both expense that varies in dollar amount from month to month what a person earns after payroll taxes and other deductions are taken out expense that remains the same from month to month
Net income refers to the amount of money an individual retains after all mandatory payroll deductions, such as taxes and other withholdings, have been subtracted from their gross earnings. The other options describe variable income, variable expenses, and fixed expenses respectively, which are not related to the definition of net income.
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
What a person earns after payroll taxes and other deductions are taken out