alyssa has her first job at the local bakery. after working for one week, she received her first paycheck…

alyssa has her first job at the local bakery. after working for one week, she received her first paycheck. the total amount of money she is able to put in the bank is $75.62. what type of income does this amount describe?\n\ngross income\nnet income\nboth gross and net income\nnone of the above

alyssa has her first job at the local bakery. after working for one week, she received her first paycheck. the total amount of money she is able to put in the bank is $75.62. what type of income does this amount describe?\n\ngross income\nnet income\nboth gross and net income\nnone of the above

Answer

Brief Explanations:

Gross income refers to the total amount of money earned before any deductions, such as taxes or insurance, are taken out. Net income, often referred to as "take-home pay," is the actual amount an individual receives after all deductions have been subtracted from the gross pay. Since the amount of $75.62 is what Alyssa is actually able to put in the bank (her final paycheck amount), it represents her net income.

Answer:

Net Income