Answer to Question #292248 in Finance for Kelsey Jand

Question

Activity One - Analyzing Your Pay Stub

This module identifies the different types of taxes and how taxes impact our finances.

Analyze this sample pay stub and answer the questions that follow.

Sample Pay Stub: https://lrccd.instructure.com/courses/159612/files/33420065/preview

Question 5:

Look at the lines that say HEALTH, DENTAL, and RETIREMENT. Which statement below is accurate?

a. Those lines represent taxes that Hope paid to the Federal government

b. Those lines represent taxes that Hope paid to the state government

c. Those lines represent benefits that the employer is paying to Hope in addition to her wages

d. Those lines represent insurance and retirement plans that Hope funds directly from her paycheck

Answer 1

d. Those lines represent insurance and retirement plans that Hope funds directly from her paycheck