Question

Which describes gross income?

All wages, payments, and other earnings
All wages minus voluntary deductions
All wages and other earnings minus FICA
All wages minus involuntary deductions

Answer 1

[AI-generated answer — Bot GPT 3.5]

All wages, payments, and other earnings

Answer 2

[AI-generated answer — Step-by-Step Bot]

Gross income is described as all wages, payments, and other earnings before any deductions are taken out. So, the correct answer would be the first option: "All wages, payments, and other earnings." This includes salary, wages, tips, bonuses, commissions, and any other income received from employment or business activities.