Asked by Taryn Scott on Jul 02, 2024
Verified
An example of a voluntary deduction from an employee's paycheck is ____.
A) federal income tax
B) FICA tax
C) worker's compensation
D) health insurance premium payments
E) unemployment tax
Voluntary Deduction
An optional financial deduction from an employee's paycheck, such as for health insurance or retirement savings plans, agreed upon by the employee.
Health Insurance Premium
A regular payment made to an insurance company to keep a health insurance policy active.
- Understand thoroughly the documentation and legal imperatives for the compensation and taxation processes of employees.
Verified Answer
KP
Katie Parany6 days ago
Final Answer :
D
Explanation :
Health insurance premium payments are typically a voluntary deduction from an employee's paycheck, as employees choose to participate in these programs and agree to have the premiums deducted.
Learning Objectives
- Understand thoroughly the documentation and legal imperatives for the compensation and taxation processes of employees.
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