Common-Core/ Grade 5
Maths MCQ Based On Gross and net income
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Common-Core Grade 5 - 5 Gross and net income
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Gross income is the total income that does not include payroll taxes.
Net income= Gross income - Payroll taxes
Net income = Gross income - Payroll taxes.
Gross income is the amount without involving the payroll taxes.
Gross income is the total income that does not include payroll taxes.
Gross income is your total income before payroll taxes are taken out.
Payroll taxes are money that is withheld, or held back, from your paycheck. Payroll taxes can include income tax withholdings and other taxes.
Net income is the income that is left after payroll taxes are taken out.
So, when payroll taxes are taken from gross income, what's left is net income.
Gross income does not involve payroll taxes.
Net Income = Gross income - Payroll taxes.
Net income = Gross income - Payroll taxes.
Gross income is the total income that you earn before payroll taxes are taken out. Payroll taxes are money that is withheld, or held back, from your paycheck.
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