Which of the following is not a possible tax or deduction that could show up on your paycheck

Full Question:

Which of the following is a possible tax or deduction that they may show up on your paycheck?

A. Federal income tax

B. Contributions to retirement savings

C. FICA

D. All of the above

Answer:

All of the above is a possible tax or deduction that they may show up on your paycheck

Explanation:

An vital element of agreement with IRS laws concerning federal income taxes is Payroll tax deductions. From an employee's paycheck the law obliges to that kept payroll taxes. To numerous tax firms these withholdings require to be send by the employers. Federal income tax withholding has been included in this.

Social Security and Medicare taxes are part of the FICA taxes. If the worker has granted to the deduction then voluntary payroll deductions are reserved in his/her paycheck. Retirement plan contributions belongs to this voluntary payroll deduction.