Question

3. Net income is important because it is

a.
your total earnings over a specific time period.
b. how much you spend over a period of time.
your take-home pay after taxes.
C.
d.
how much you have left after paying your bills.

Answer 1

The correct answer is C. Net income refers to your take-home pay after taxes and other deductions have been taken out of your gross income. It is an important financial measure because it represents the actual amount of money you have available to save, invest, or spend on your expenses and bills.

Explanation: