4
QuizMultiple Choice

Education, Careers, and Financial Lifestyle — Quiz

Question 4 • Personal Finance

What is gross income?

Answer
A
Income after taxes
B
Income from investments
C
Total income before deductions
D
Only hourly wages

Explanation

Gross income is the total income a person earns before taxes and other deductions are taken out. Therefore, the correct choice is “Total income before deductions.” Income after taxes is net income, and gross income can include more than hourly wages.

AI-written and checked against the verified answer.

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