2. Realized income is also known as ____. a) gross pay. b) net income. c) real income. d) descretionary income. . 3) You are paid $12.75/hour. You work 40 hours/week for 4 weeks. Your involuntary deductions are FICA(7.65%), federal withholding (12%) and state withholding (7%). How much is your realized income?. a) $2,040.00. b)$510.00. c) $1,496.34. d) $374.08