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One objective in this lesson is to calculate deductions that are taken out of a paycheck. true false

User Visions
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Answer:

True

Explanation:

Deductions are amounts taken out of an employees paycheck. Some of these deductions ranges from retirement benefits, to health care costs and special funds and donations.

The deductions from your paycheck can be calculated by adding up all calculated amounts for FICA (Federal Insurance Contribution Act), income taxes, and others, and subtracting it from your gross pay (total of what an employee is paid before any deduction is made). What is left after this deduction is your net pay, which equals your paycheck.

Deductions are the difference between your gross pay and your net pay (paycheck).

User Ozer
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