Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

which is an example of an income deduction? an unexpected salary cut wa…

Question

which is an example of an income deduction?
an unexpected salary cut
wages lost due to illness
vacation budget
retirement savings

Explanation:

Brief Explanations

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.

Answer:

D. retirement savings