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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570

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BuyFindarrow_forward

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

List three required deductions and four voluntary deductions from an employee’s total earnings.

To determine

State the three required deductions and the four voluntary deductions from an employee’s total earnings.

Explanation

Gross pay:

Gross pay is a payment made to an employee for completion of work allocated by the company. Gross pay is computed by using normal hours worked by the employee with hourly wages rate.

The three possible deductions that are required in the total earnings of the employees are given below:

  • Federal (possibly state or city) income tax withholdings...

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