Question: How do post-tax deductions differ from pre-tax deductions?

How do post-tax deductions differ from pre-tax deductions?

Step by Step Solution

★★★★★

3.45 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Pretax deductions reduce the ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Payroll Accounting Questions!

Q:

How do casualty loss deductions differ when a business asset is completely destroyed as opposed to the destruction of a personal-use asset?

Q:

How do alternative minimum tax itemized deductions differ from the regular income tax itemized deductions?

Q:

How do deductions for adjusted gross income and deductions from adjusted gross income of an individual differ?

Q:

The primary difference between pre-tax and post-tax deductions is: Multiple Choice O O O Post-tax deductions reduce tax obligations. Pre-tax deductions do not include child support. Pre-tax...

Q:

Pre-tax and Post-tax Assignment Directions: In the first part of this course, you wrote four financial goals. It is now time to evaluate your goals in terms of taxes. In order to evaluate, you need...

Q:

Pre-tax and Post-tax Assignment Directions: In the first part of this course, you wrote four financial goals. It is now time to evaluate your goals in terms of taxes. In order to evaluate, you need...

Q:

Pre-tax and Post-tax Assignment Directions: In the first part of this course, you wrote four financial goals. It is now time to evaluate you goals in terms of taxes. In order to evaluate, you need to...

Q:

Pre-tax: when a deduction is taken out of your gross pay reducing the amount of pay that is taxed Post-tax: when money is spent out of your net pay so that the tax burden does not change Deductions...

Q:

The primary difference between pre-tax and post-tax deductions is: Multiple Choice Post-tax deductions reduce tax obligations. Pre-tax deductions do not include child support. Pre-tax deductions...

Q:

The primary difference between pre-tax and post-tax deductions is: Pre-tax deductions include child support. Post-tax deductions reduce tax obligations. Post-tax deductions reduce gross pay. Pre-tax...

Q:

A philanthropic organization sends out free gifts to people on their mailing list in the hope that the receiver will respond by sending back a donation. Typical gifts are mailing labels, greeting...

Q:

In a satellite uplink, the transmitter system has a loss of 1 dB while the transmitter antenna has a gain of 55 dB. There is an atmosphere loss of 2 d8, a free space loss of 200 dB. The receiving...

Q:

14.16 Refer to Exercise 14.14, in which the regression relationship between y 5 body temperature and x 5 age was given in Minitab output as y^ 5 98.6 2 0.0138(Age). a. What is the predicted body...

Q:

A river tumbles through forested ravines and rocky gorges towards the sea. The state hydro-electricity commission sees the falling water as untapped energy. Building a dam across one of the gorges...

Q:

Using the information from P6-6B, complete the attached Form 941 for third quarter 2017.

Q:

Cloudy Night Signs is a company that makes custom signs and has 12 employees. The owner wants to perform a benefits analysis report for one of its employees, Howard Nelson. Howards benefits package...

Q:

Happy Panda Fashions has 52 employees distributed among the following departments: Sales: 14 Factory: 26 Administration: 12

Q:

An excavator has a purchase price of $1,200,000, has a rating of 1,900 kW, an estimated life of 10 years an annual operating usage of 4,000 hours. A return on investment of 10% is required. For the...

Q:

How many years in left - to - maturity ( N ) of a bond that has 5 % required rate ( I / Y ) , 7 % annual payment ( PMT ) , and currently traded ( PV ) for $ 1 0 7 0 . 9 2 ? ( Note: assume future...

Q:

You plan to purchase a $190,000 house using a 15-year mortgage obtained from your local credit union. The mortgage rate offered to you is 6.75 percent. You will make a down payment of 20 percent of...