PSC 4-5 Define Miscellaneous Deductions Match each of the voluntary deductions listed with the correct definition. 1: Match each of the voluntary deductions listed with the correct definition. Retirement plan Wage gamishment Dependent care flexible spending account DROP HERE DROP HERE DROP HERE These provide an employee with financial security upon ceasing employment. A wide variety of these exist, and withholding from gross pay for these plans is a voluntary deduction. A flexible spending account that is designated for a specific purpose. It is a type of cafeteria plan. The withholding of a portion of an employee's earnings, in compliance with a court order or other legal proceeding. Limited to the lesser of 25% of disposable earnings or the amount of disposable earnings that exceed 30 times the federal minimum wage..
PSC 4-5 Define Miscellaneous Deductions Match each of the voluntary deductions listed with the correct definition. 1: Match each of the voluntary deductions listed with the correct definition. Retirement plan Wage gamishment Dependent care flexible spending account DROP HERE DROP HERE DROP HERE These provide an employee with financial security upon ceasing employment. A wide variety of these exist, and withholding from gross pay for these plans is a voluntary deduction. A flexible spending account that is designated for a specific purpose. It is a type of cafeteria plan. The withholding of a portion of an employee's earnings, in compliance with a court order or other legal proceeding. Limited to the lesser of 25% of disposable earnings or the amount of disposable earnings that exceed 30 times the federal minimum wage..
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Match with the right answer
Transcribed Image Text:PSC 4-5 Define Miscellaneous Deductions
Match each of the voluntary deductions listed with the correct definition.
1: Match each of the voluntary deductions listed with the correct definition.
Retirement plan
Wage gamishment
Dependent care flexible spending account
DROP HERE
DROP HERE
DROP HERE
These provide an employee with financial security upon
ceasing employment. A wide variety of these exist, and
withholding from gross pay for these plans is a voluntary
deduction.
A flexible spending account that is designated for a specific
purpose. It is a type of cafeteria plan.
The withholding of a portion of an employee's earnings, in
compliance with a court order or other legal proceeding.
Limited to the lesser of 25% of disposable earnings or the
amount of disposable earnings that exceed 30 times the
federal minimum wage.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education