Lesson 3 Income, Deduction & Expenses

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Last updated 7:51 PM on 7/22/26

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Gross Income

Is what you make before anything is subtracted from your paycheck.

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Net income

Is the amount you are paid after deductions to your paycheck.

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Overtime

is a premium amount for working more than 40 hours in a week.

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Commission

is when you earn a percentage of what you sell.