Which is a common way of describing net income?(1 point)

Question

Which is a common way of describing net income?(1 point)

Responses

paystub
paystub

take-home pay
take-home pay

salary
salary

wages

Answer 1

Which defines a W-4?(1 point)

Responses

a special kind of deduction
a special kind of deduction

an IRS form used to determine how much federal tax to withhold
an IRS form used to determine how much federal tax to withhold

a form created by employers to determine tax rate
a form created by employers to determine tax rate

a form of tax credit for individuals with children

Answer 2

The common way of describing net income is take-home pay.

Answer 3

The common way of describing net income is "take-home pay". Net income refers to the amount of money you earn after deductions, such as taxes and other expenses, have been subtracted from your salary or wages. It is the actual amount of money that you receive in your paycheck or direct deposit, which you can consider as your take-home pay. So, the correct option is "take-home pay".