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Why is net income lower than gross income

User Nbering
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2 Answers

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Answer:

C: withholdings

Step-by-step explanation:

on edge2021! hope this helps!~

User AlienOnEarth
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Gross income is the income before taxes and deductions

Net income on the other hand is the income after taxes and deductions and credits are factored into gross income. This is the reason why net income is lower than gross income. Gross income = net income + taxes

User MrSimonEmms
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