The Income Net of Taxes Is Called _____

question 19

Multiple Choice

The income net of taxes is called _____.

• A)real income
• B)disposable income
• C)nominal income
• D)taxable income.
• E)personal income.

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Definitions:

Improperly Made

Refers to items or products that have been constructed or produced in a manner that fails to meet the required or expected standards.

Breach of Contract

The failure to perform as stated in a contract without a legitimate legal excuse.

Negligence

An unintentional, careless act or omission that causes injury to another person or his property.

Sale of Goods Act

Legislation governing the sale of goods, providing rights and obligations for both buyers and sellers.