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Which of the following is an optional deduction?

A. health insurance
B. FICA
C. Medicare
D. Social security

User Facewindu
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2 Answers

5 votes

Answer:

The answer to your question is C. Medicare

Step-by-step explanation:

Medicare Part B and Part D are optional coverage, and you can deduct these premiums as medical expenses on your taxes. Medicare Part A can only be deducted as medical expenses if you voluntarily enrolled in Part A and don't qualify for Social Security benefits.

You'll usually pay 20% of the cost for each Medicare-covered service or item after you've paid your deductible.

I hope this helps and have a wonderful day!

User Ben Trengrove
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5 votes

Answer:

A Health insurance is an optional deduction.

Step-by-step explanation:

A. Health insurance is an optional deduction.

Health insurance is a type of insurance that covers the cost of medical care. It is typically offered through an employer as a benefit, but it can also be purchased individually. It is considered as an optional deduction because the employee can choose whether or not to enroll in the employer's health insurance plan and pay the associated premium.

B. FICA is a mandatory deduction.

FICA stands for Federal Insurance Contributions Act, which is a federal payroll tax that is required to be withheld from employee paychecks. It is used to fund Social Security and Medicare programs. Employers and employees both contribute to FICA.

C. Medicare is a mandatory deduction.

Medicare is a federal health insurance program for people who are 65 or older, people with certain disabilities, and people with End-Stage Renal Disease (ESRD). This is a mandatory deduction as it is automatically deducted from the employee's paycheck.

D. Social security is a mandatory deduction.

Social security is a federal program that provides retirement, survivor, and disability benefits. Like Medicare, it is automatically deducted from the employee's paycheck and it's mandatory.

Overall, Health insurance is an optional deduction as employee can choose whether or not to enroll, while FICA, Medicare and Social security are mandatory deductions, which are automatically deducted from the employee's paycheck

User Yosep Tito
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