ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Is that what you earn before taxes and other expenses, or is that your ____ salary?
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net
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productive
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inflation
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None of the above
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Explanation:
Detailed explanation-1: -Net salary is the amount of money an individual takes home after all deductions have been made, whereas, the gross salary can be defined as the figure that is obtained by totalling all benefits and allowances without deducting tax.
Detailed explanation-2: -Meaning of net salary in English a person’s salary after taxes, insurance, etc. have been subtracted: The company provided permanent health insurance that would pay 80% of a person’s net salary after six months of sickness.
Detailed explanation-3: -Key Takeaways. Net income (NI) is calculated as revenues minus expenses, interest, and taxes.
There is 1 question to complete.