Cristo would like to eventually buy a home. As part of his planning process, Cristo is trying to determine what his income is before taxes and other deductions. How is this type of income BEST defined? (1 point) Responses gross gross net net utility utility staggered staggered
The correct answer is: gross
The BEST definition for income before taxes and other deductions is gross income.
To determine Cristo's income before taxes and other deductions, we need to understand the difference between gross and net income. Gross income refers to the total amount of money earned by an individual before any deductions, such as taxes or health insurance premiums. On the other hand, net income refers to the amount of money an individual takes home after deductions have been made.
In this case, we are looking for Cristo's income before taxes and other deductions, so the best definition for this type of income would be gross income.