income
What are taxes?
Required payment to a government.
What is A Gross annual income (GAI)?
Total Pay or earnings made over a one-year period before any deductions have been taken.
What is Net annual income ( NAI)?
Income amount remaining after a year worth’s of deductions have been taken.
What is Social Security?
What is Medicare?
What are Taxes?
What is income taxes ?
A social insurance system that provides benefits to most Americans who are retire, sick, or too disabled to work, and to families of workers who have died.
A social insurance program that extends health coverage to almost all Americans age 65 and over.
Requried payments to a government.
A portion of ones personal income paid to a governmen.
What is the difference between Gross monthly income (GMI) and Net monthly income (NMI)
Total amount of earning made over a month before deduction Vs Amount of monthly income after all deductions are made ( sometimes referred to as take-home pay).