BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What statement defines gross income?
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Gross income is the amount of income after taxes are paid.
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Gross income is the amount of taxes paid.
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Gross income is the amount of income before taxes are paid
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Gross income is the amount of income of buying goods and services
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Explanation:
Detailed explanation-1: -Gross income refers to the total income earned by an individual on a paycheck before taxes and other deductions. It comprises all incomes received by an individual from all sources – including wages, rental income, interest income, and dividends.
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