income  math


Question by  NvyWfy (37)

How do you compute net income?

I need to determine my net income in order to apply for a loan.


Answer by  Latin4 (11170)

Best way to get the accurate net income, is to look on your pay stub or contact the department that makes out your checks. the loan officier will be impressed.


Answer by  ApprenticeJenn (959)

Net income is what's left after your payroll deductions, such as taxes and insurance and retirement contributions. It does not include temporary deductions such as payroll advaces repayments, etc.

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