2. is a deduction or a benefit described in each situation?\na) jason has a company car.\nb) ramas company…

2. is a deduction or a benefit described in each situation?\na) jason has a company car.\nb) ramas company pays for a basic health plan.\nc) liam is buying company stocks through a payroll plan.\n3. joys gross income is $427. here are her deductions:\nei\ncpp $9.61\nincome tax $15.47\ncompany pension plan $57.55\n$10.40\ndetermine her total deductions and her net income.

2. is a deduction or a benefit described in each situation?\na) jason has a company car.\nb) ramas company pays for a basic health plan.\nc) liam is buying company stocks through a payroll plan.\n3. joys gross income is $427. here are her deductions:\nei\ncpp $9.61\nincome tax $15.47\ncompany pension plan $57.55\n$10.40\ndetermine her total deductions and her net income.

Answer

Explanation:

Step1: Calculate total deductions

Add up all deductions: $9.61 + 15.47+57.55 + 10.40$ $9.61+15.47 = 25.08$ $25.08+57.55 = 82.63$ $82.63+10.40=93.03$

Step2: Calculate net income

Subtract total deductions from gross income. Net income = Gross income - Total deductions Net income = $427-93.03 = 333.97$

Answer:

Total deductions: $$93.03$ Net income: $$333.97$