why is net income lower than gross income?\no fixed spending\no budgets\no withholdings\no discretionary…
why is net income lower than gross income?\no fixed spending\no budgets\no withholdings\no discretionary spending
Answer
Brief Explanations:
Net income is calculated after deductions such as taxes, insurance - related withholdings from gross income. These withholdings reduce the amount of income left as net income.
Answer:
C. withholdings