Question

Matt expects to get his first paycheck today. What deductions may be listed on his paycheck stub? dividends federal tax state tax Medicare Social Security

Answer 1

State tax issued by the goverment

Medicare for hospital/doctor visits

these are your answers

Answer 2

The deductions on Matt's paycheck stub are: State tax, Medicare, Federal tax and, Social Security.

Step-by-step explanation:

1. State tax: Depending on what state Matt live on. It is estimated on what your exemptions are and what your filing status is. So if you want to pay more on state taxes you should reduce your exemptions and in you want to pay less, increase your exemptions.
2. Medicare: It is 1.4% of your gross pay, this deduction is made no matter how much money you make.
3. Federal tax: This one is charged on the annual earnings of citizens.
4. Social security: Both, employers and employees have to pay this tax because this way the social security program is fund.