12. you might see the following terms on your pay stub. match each term with its closest description.\ni. a…

12. you might see the following terms on your pay stub. match each term with its closest description.\ni. a voluntary deduction to pay for your health coverage\nii. your total earnings before any deductions are taken out\niii. a voluntary deduction to your retirement account\niv. a mandatory deduction to pay for social security and medicare\nv. your total take - home for the year so far\nvi. a mandatory deduction to pay for national government programs\na. federal income tax\nb. federal insurance contributions act (fica)\nc. 401(k) contribution:\nd. gross pay.\ne. health insurance:\nf. ytd net pay.

12. you might see the following terms on your pay stub. match each term with its closest description.\ni. a voluntary deduction to pay for your health coverage\nii. your total earnings before any deductions are taken out\niii. a voluntary deduction to your retirement account\niv. a mandatory deduction to pay for social security and medicare\nv. your total take - home for the year so far\nvi. a mandatory deduction to pay for national government programs\na. federal income tax\nb. federal insurance contributions act (fica)\nc. 401(k) contribution:\nd. gross pay.\ne. health insurance:\nf. ytd net pay.

Answer

Brief Explanations:

  • I. A voluntary deduction for health coverage matches e. Health insurance as it is a voluntary way to pay for health - related costs.
  • II. Total earnings before deductions is d. Gross pay, which is the starting amount of pay before any withholdings.
  • III. A voluntary deduction to retirement account is c. 401(k) contribution as 401(k) contributions are voluntary savings for retirement.
  • IV. Mandatory deduction for Social Security and Medicare is a. FICA (Federal Insurance Contributions Act) which funds these programs.
  • V. Total take - home for the year so far is f. YTD net pay (Year - To - Date net pay), which is the actual amount received after all deductions.
  • VI. Mandatory deduction for national government programs is b. Federal income tax, which is used to fund government operations.

Answer:

I. e. Health insurance II. d. Gross pay III. c. 401(k) contribution IV. a. FICA V. f. YTD net pay VI. b. Federal income tax