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Two Types of Plans That Are Differentiated by Their Breadth

question 82

Multiple Choice

Two types of plans that are differentiated by their breadth of application are _____________.


Definitions:

Total Deductions

The sum of all amounts subtracted from an individual's gross income for taxes, benefits, and other expenses.

Net Earnings

The amount of income left after deducting taxes, benefits, and other expenses from gross earnings; often referred to as take-home pay.

Financial Support

Monetary assistance provided to an individual or organization to help cover expenses.

Employee

An individual who works for another person or business in exchange for compensation.

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