quiz what is a deduction? your gross pay money withheld from your paycheck to cover taxes and benefits an…

quiz what is a deduction? your gross pay money withheld from your paycheck to cover taxes and benefits an exemption that allows you pay less income tax your net pay

quiz what is a deduction? your gross pay money withheld from your paycheck to cover taxes and benefits an exemption that allows you pay less income tax your net pay

Answer

Brief Explanations:

A deduction is money taken out of a paycheck for things like taxes and benefits. Gross pay is total earnings before deductions. Net - pay is after deductions. An exemption reduces taxable income, not the same as a deduction.

Answer:

Money withheld from your paycheck to cover taxes and benefits