Dontae’s employer has offered him the following employment package. Salary $ 465,000 Health insurance 16,000 Dental insurance 1,
075 Membership to Heflin Country Club 17,200 Season tickets to Atlanta Braves games 5,200 Tuition reimbursement for graduate courses 4,200 Housing allowance (for a McMansion in his neighborhood of choice) 37,500 What is Dontae’s gross income from his employment?
gross income is the incomes you get without deducting taxes, insurance etc.. net income is the income you get considering every single of the mentioned. In Dontae's case, the gross income is his salary (465.000 which is the answer to your questoin), and the net income is 465.000 - Health insurance ( 16.000) - dental insurance ( 1075) - country club membership( 17200) -season tickets ( 5200) - graduate courses (4200) - housing (37.500) which gives us 383.825 as net income
