An Example of a Required Deduction from an Employee's Paycheck

question 35

Multiple Choice

An example of a required deduction from an employee's paycheck is ____.

• A) healthcare insurance
• B) unemployment tax
• C) FICA tax
• D) health savings account contributions
• E) child care deductions

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Definitions:

Communist Governments

Government systems where the state owns and controls all major aspects of the economy, aiming for classless society and elimination of private property.

Circular Flow Diagram

A visual model of the economy that shows how dollars flow through markets among households and firms.

Promote Society

A concept or initiative aimed at advocating for societal growth, well-being, and development.

Private Cost

The costs directly incurred by those producing or consuming a good or service, excluding externalities or indirect costs.