Examlex
Which of the following is not one of the four steps in a budget cycle?
Withhold
To deduct or hold back a portion of something, such as taxes from a paycheck.
Take-Home Pay
The net amount of income an employee actually receives after deductions such as taxes and retirement contributions.
Voluntary Deductions
Deductions from an employee's paycheck that the employee chooses to have withheld for benefits such as retirement plans, health insurance, and union dues.
Gross Pay
The total earnings of an employee for a payroll period.
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