Question

Kelly was working as a chef for a restaurant chain, She was promised a salary of $3,000 per month as her gross pay. She began planning her expenses based on this amount. To her surprise, Kelly found that her salary check was only for $2,452. What term describes the amount ($2,452) that Kelly received in her salary check?
The amount of $2,452, which Kelly received in her salary check, was her _______.

Answer 1

Net income. Gross income would be the $3,000 before taxes are deducted. The net income would be the 2452 that is remaining after taxes