14-2 Payroll Taxes and Involuntary Deductions

What is the term used for the earnings an employee receives after all payroll deductions have been subtracted from their gross pay?

• Total earnings

• Involuntary deductions

• Net pay

• Gross pay

Which of the following is classified as amounts withheld from an employee's total earnings?

• Payroll deductions

• Retirement plan contributions

• Net pay

• Salary increments

Social Security tax is an example of which type of payroll deduction?

• Involuntary deductions

• Voluntary deductions

• Net adjustments

• Bonus allocations

What type of deduction are union dues classified as under payroll regulations?

• Voluntary payroll deduction

• Health insurance plan

• Involuntary payroll deduction

• Court-mandated garnishment

Which of the following is considered a voluntary payroll deduction?

• Medicare tax

• Union dues

• Health insurance plan

• Court-mandated garnishment

What is the nature of the Medicare tax according to payroll deduction rules?

• Voluntary contribution

• Involuntary payroll deduction

• Optional insurance payment

• Court-ordered payment

What is a 401(k) retirement plan employee contribution classified as?

• Post-tax payroll deduction

• Involuntary deduction

• Pre-tax payroll deduction

• Employee tax

Which of the following is not an example of an involuntary payroll deduction?

• Income tax

• Social Security tax

• Health Insurance

• Medicare tax

Which of the following is not considered a voluntary payroll deduction?

• Retirement plans

• Health insurance

• Union dues

• Social Security Tax

Which of the following is NOT an example of a pre-tax payroll deduction?

• Health insurance premiums

• Wage garnishments

• 401(k) retirement plan contributions

• All of the above