select the correct answer from the drop - down menu. complete the statements with suitable words. emily…

select the correct answer from the drop - down menu. complete the statements with suitable words. emily receives $800 every two weeks. however, she only takes home $600 after tax deductions from her paycheck. the $800 is emily’s gross income (drop - down option shown), while $600 is her taxable, disposable, gross (drop - down options shown) income next

select the correct answer from the drop - down menu. complete the statements with suitable words. emily receives $800 every two weeks. however, she only takes home $600 after tax deductions from her paycheck. the $800 is emily’s gross income (drop - down option shown), while $600 is her taxable, disposable, gross (drop - down options shown) income next

Answer

Brief Explanations:

Gross income is the total earnings before any deductions. Disposable income is the amount left after tax - related deductions, which can be spent as one wishes. Since $800 is before tax deductions, it's gross income. And $600, after tax deductions, is disposable income.

Answer:

The $800 is Emily’s gross income, while $600 is her disposable income.