why is net income lower than gross income? fixed spending budgets withholdings discretionary spending
why is net income lower than gross income? fixed spending budgets withholdings discretionary spending
Answer
Brief Explanations:
Net income is calculated after deductions like taxes and other withholdings from gross income. Withholdings reduce the amount from gross income to arrive at net income, making net income lower. Fixed - spending, budgets, and discretionary spending are related to how income is used, not the reason for the difference between gross and net income.
Answer:
C. withholdings