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In Business / College | 2025-07-03

The income you take home after taxes are taken from your pay is your
A. Net Income
B. Gross Income
C. Budget Income
D. Monthly Income

Asked by ashleygentry88

Answer (2)

The income you take home after taxes is referred to as Net Income . This is the amount remaining after all deductions, in contrast to Gross Income , which is your total earnings before any deductions. Understanding these terms is essential for managing personal finances effectively. ;

Answered by GinnyAnswer | 2025-07-03

The correct answer to the question is Net Income , which is the amount of money you take home after all deductions, including taxes, are made. Understanding the difference between net and gross income is important for effective personal financial management. Net income represents your actual earnings available for spending or saving.
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Answered by Anonymous | 2025-07-04

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