Which term represents income remaining after taxes and deductions?

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Multiple Choice

Which term represents income remaining after taxes and deductions?

Explanation:
Net pay is the amount of income left after taxes and other deductions have been subtracted from your earnings. It represents what you actually take home. For example, if your gross pay is $3,000 and $700 is taken out for taxes and benefits, your net pay would be $2,300. Gross pay is the total earnings before any deductions. Deductions are the amounts taken out, which include taxes and other withholdings. Income taxes are one type of deduction, specifically taxes withheld from earnings. Net pay uniquely describes the remainder after all deductions.

Net pay is the amount of income left after taxes and other deductions have been subtracted from your earnings. It represents what you actually take home. For example, if your gross pay is $3,000 and $700 is taken out for taxes and benefits, your net pay would be $2,300. Gross pay is the total earnings before any deductions. Deductions are the amounts taken out, which include taxes and other withholdings. Income taxes are one type of deduction, specifically taxes withheld from earnings. Net pay uniquely describes the remainder after all deductions.

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