Which of the Following Is Not an Item Deducted from Salary

question 57

Multiple Choice

Which of the following is not an item deducted from salary expense to arrive at net pay?

• A)FICA tax for Social Security
• B)FICA tax for Medicare
• C)Federal unemployment tax
• D)These answer choices are all deducted from salary expense to arrive at net pay

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Definitions:

Municipal Bonds

Debt securities issued by states, cities, counties, and other governmental entities to finance public projects, often offering tax-free interest payments to investors.

Federal Tax Rates

The percentages at which income, corporate profits, and other types of earnings are taxed by the federal government.

Interest Rate

The cost of borrowing money or the return on investment, typically expressed as a percentage of the principal amount.

Credit Risk

The chance of incurring a loss due to a borrower's inability to pay back a loan or fulfill agreed-upon terms.