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Determine whether each of the following is a paycheck deduction or an employee incentive

401(k)
FICA
Medicare
life insurance
Social security

User Ben Xu
by
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2 Answers

6 votes

Answer:

Employee incentive: 401 (k), life insurance

Paycheck deduction: Social security, Medicare, FICA

Step-by-step explanation:

Hope it helps

User Viktor Joras
by
3.7k points
8 votes

Answer:

See below

Step-by-step explanation:

A paycheck deduction is a compulsory deduction imposed on all employees by the federal or state government. For a paycheck deduction, the employee has no option but to pay. The amount payable is a percentage base on the gross pay. The federal or state government set the percentage to be deducted.

From the List paycheck deduction are

  • Medicare
  • social security

Employee incentives are benefits offered to employees by their employer. Incentives motivate employees to work hard, save for retirement, or promote employees' welfare.

Incentives in the list are

  • 401(k)
  • Life insurance

User Shaun The Sheep
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