What is the difference between gross income and net income? Select the best answer.(1 point) Responses Gross income is the total of annual salary minus federal income tax. Gross income is the total of annual salary minus federal income tax. All wages and other earnings minus mandatory deductions All wages and other earnings minus mandatory deductions Net income is wages, salaries and other earnings minus all tax and deductions Net income is wages, salaries and other earnings minus all tax and deductions Wages minus voluntary deductions Wages minus voluntary deductions