INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 167

Essay

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement.
-People are more likely to buy [life | disability income] insurance.

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Definitions:

Medical Insurance Deductions

Amounts subtracted from an employee's gross pay for health insurance premiums, often part of an employer-sponsored health plan.

Federal Unemployment Taxes

Taxes imposed on employers to fund unemployment benefits, administered at the federal level.

Payroll Tax Expense

Taxes that an employer is responsible for paying on behalf of its employees, which can include federal and state income taxes, Social Security, and Medicare taxes.

FICA Taxes Payable

The amount due for Federal Insurance Contributions Act taxes, which fund Social Security and Medicare, required to be paid by employers and employees.