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Which describes gross income?(1 point)

User Themerius
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2 Answers

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Answer:

Step-by-step explanation:

Gross income is for households and individuals. Gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes. Gross income includes your wages, dividends, capital gains, business income, retirement distributions as well as other income. Adjustments to income include such items as Educator expenses, Student loan interest, Alimony payments or contributions to a retirement account.

User Tony Morris
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The earned salary or wages paid to an employee by a company for work done before the necessary deduction like Tax is termed "Gross Income".

In conclusion, the total amount of earned salary or wages best describes the Gross Income.

User Justin Buchanan
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