why is net income lower than gross income?\nfixed spending\nbudgets\nwithholdings\ndiscretionary spending
why is net income lower than gross income?\nfixed spending\nbudgets\nwithholdings\ndiscretionary spending
Answer
Brief Explanations:
Gross income is total earnings before any deductions. Net income is what remains after deductions like taxes, insurance, etc. (withholdings). These withholdings reduce the amount from gross income to net income.
Answer:
C. withholdings