Take-home pay is also called

Question

Quizplus · Accepted Answer

Net pay refers to the amount of income an individual receives after taxes and other deductions are taken out. It is commonly referred to as take-home pay as it is the amount of money that an individual actually brings home with them. A is incorrect because saving is a choice made by the individual after receiving their net pay. B is incorrect because discretionary income refers to the amount of money an individual has left over after paying for necessary expenses such as housing and food. D is incorrect because gross income is the total amount of income earned before any deductions are taken out. E is incorrect because deductions refer to the amount of money taken out of the individual's gross pay for taxes or other expenses.

Take-Home Pay Is Also Called