[Answer] Why is net income lower than gross income?A. fixed spendingB. budgetsC. withholdingsD. discretionary spending

Answer: C. withholdings
Why is net income lower than gross income?A. fixed spendingB. budgetsC. withholdingsD. discretionary spending

Saving is income not spent or deferred consumption.Methods of saving include putting money aside in for example a deposit account a pension account an investment fund or as cash. Saving also involves reducing expenditures such as recurring costs.In terms of personal finance saving generally specifies low -risk preservation of money as in a deposit account versus investment wherein …

Monetary policy is the policy adopted by the monetary authority of a nation to control either the interest rate payable for ver…

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