which is an example of an income deduction?\no an unexpected salary cut\no wages lost due to illness\no…

which is an example of an income deduction?\no an unexpected salary cut\no wages lost due to illness\no vacation budget\no retirement savings

which is an example of an income deduction?\no an unexpected salary cut\no wages lost due to illness\no vacation budget\no retirement savings

Answer

Brief Explanations:

Income deductions are amounts subtracted from gross income. Retirement savings like contributions to 401(k)s or IRAs are deducted from income before tax - calculation. An unexpected salary cut and wages lost due to illness are not deductions but losses of income. A vacation budget is a planned expense, not an income deduction.

Answer:

retirement savings