Why is net income lower than gross income?

fixed spending

budgets

withholdings

discretionary spending

The correct answer is C. Withholding.

Net income is termed as the net earnings, net profit, total comprehensive and bottom line.

It is entity income then you take way expenses, cost of goods sold and even taxes which are for accounting period.

Gross income is termed as gross pay and it is the total pay before the deductions are done.

It can include the services or the property which is being received.