Respuesta :
Health insurance and retirement savings are examples of a withholding you might see on your pay stub. This implies that option C is the correct answer.
Nowadays, it is very common to have withholding on an employee pay stub. A pay stub is a typical document that reflects what employees earn anytime they are paid their salaries.
Further Explanation
The pay stub is a document that contains information about an employee's salary. This document details some information about employee salary which include:
- The time the salary was paid
- It shows if there is any deduction
- It also gives details as to the revenue at the time of payment.
It is always advisable for an employee to save this document for future reference to address the issues of illegal deduction in their salary.
Also, your pay stub can contain some withholdings that are deducted from your gross earnings.
However, some of the withholdings that are very common include:
- Retirement saving plans
- Tax withholdings
- Medical insurance
- Saving plan
- Deductions that employees provided for on their salaries
The list below is the examples of pay stub withholding
- Insurance policies
- Federal income tax
- Social security tax
- Medicare tax
However, the act that manages/guide the payment of social security tax and Medicare tax is the federal insurance contributions acts (FICA)
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KEYWORDS:
- withholding
- Health Insurance
- Retirement Savings
- pay stub
- Medicare tax
C is the correct answer.
Health insurance and retirement savings are the example of a withholding which can be seen on the pay stub.
Further explanation:
Withholding:
The withholding tax is applied to wages, commission, and bonuses. It is applied to this income.
Justification for the correct and incorrect answer:
A. Health insurance: This option is incorrect.
Health insurance covers the insurance of the whole body and the medical expenses also. Withholding can be seen on the pay stub of health insurance. So this option is also correct. But not completely correct as withholding can be seen on the pay stub of retirement savings also which is in the next option.
B.Retirement savings: This option is incorrect.
Retirement savings plan is a retirement plan, withholding can be seen on the pay stub. It is an example of withholding.
C. Both A and B: This option is correct.
This option is correct as withholding includes both the example of health insurance and retirement savings.
D.Neither A nor B: This option is incorrect.
This option says that neither health insurance is an example of withholding nor the retirement savings, so this is not correct. As health insurance and retirement savings are an example of withholding which can be seen on the pay stub.
Thus, health insurance and retirement savings are an example of withholding.
Learn more:
1. Insurance
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2. Life Insurance
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3. Insurance rules
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Answer details:
Grade: High School
Subject: Business
Chapter: Insurance
Keywords: Which is an example of a withholding you might see on your pay stub, health insurance, retirement Savings, both a and b, neither a nor b, tax, applied, wages, commission, bonuses, medical expenses.
