question 9 of 12\nwhy is it important for employees to review their pay stubs regularly?\ntype your answer…

question 9 of 12\nwhy is it important for employees to review their pay stubs regularly?\ntype your answer in the box below.\n\nquestion 10 of 12\nexplain the concept of effective tax rate with an example.\ntype your answer in the box below.

question 9 of 12\nwhy is it important for employees to review their pay stubs regularly?\ntype your answer in the box below.\n\nquestion 10 of 12\nexplain the concept of effective tax rate with an example.\ntype your answer in the box below.

Answer

Question 9

Brief Explanations:

Reviewing pay - stubs helps employees verify accuracy of earnings, deductions like taxes, insurance, and retirement contributions. It also aids in detecting errors or unauthorized deductions early, protecting employees' financial interests.

Answer:

Employees should review pay - stubs regularly to verify earnings, deductions, and detect errors or unauthorized deductions early to protect their financial interests.

Question 10

Brief Explanations:

The effective tax rate is the average rate at which income is taxed. It is calculated by dividing the total tax paid by the taxable income. For example, if a person has a taxable income of $50,000 and pays $7,500 in taxes, the effective tax rate is $\frac{7500}{50000}\times100% = 15%$.

Answer:

The effective tax rate is the average rate at which income is taxed. For example, if a person has a taxable income of $50,000 and pays $7,500 in taxes, the effective tax rate is 15%.