184k views
3 votes
Which of the following could be deductions from wages or salary?

State taxes
Overtime pay
Federal taxes
Benefits
Payments for investments

1 Answer

5 votes

Explanation:

State taxes is the tax to be paid to the State Government. This amount will be deducted from wages or salaries and paid within a certain days to the Government

Overtime pay is not at all a deduction at all but an addition to the pay for extra hours worked due to pressure of work or any other reason.

Federal taxes are taxes to be paid hence deductions from salaries

Benefits are priveleges given in terms of money and hence will be added to salaries or wages.

Payments for investments are the amount employee wants to set aside for future use like Provident fund, etc. This is also deduction.

The deductions are:

State taxes

Federal taxes

Payments for investments

User Martin Lazar
by
6.8k points