Tom's income of [tex]$45,000 as a nurse represents the money he earns from his job after deductions and taxes.
Tom's income of $[/tex]45,000 as a nurse means the money he earns from working at his job after taxes and deductions have been taken out. For example, if his gross income is $45,000, after taxes and deductions, the net income he receives will be less. This is crucial when creating a budget or planning savings.
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