QUESTION IMAGE
Question
which is an example of an income deduction?
an unexpected salary cut
wages lost due to illness
vacation budget
retirement savings
Income deductions are amounts subtracted from income, often for savings or tax - related purposes. An unexpected salary cut and wages lost due to illness are reductions in income but not deductions (they are loss of income). A vacation budget is an expense from income. Retirement savings are amounts deducted from income (e.g., 401(k) contributions) to save for retirement.
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D. retirement savings