QUESTION IMAGE
Question
- what three deductions are taken from everyones pay?
a.
b.
c.
Brief Explanations
These are standard, nearly universal payroll deductions that are required or extremely common across most employment systems:
- Income Tax: Mandatory tax levied by governments on earned income.
- Social Security (or equivalent): A contribution to state-run retirement, disability, and survivor benefit programs.
- Medicare (or equivalent health contribution): A contribution to public healthcare coverage for retirees and eligible individuals.
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a. Income Tax
b. Social Security (or national pension scheme contributions)
c. Medicare (or public health insurance contributions)