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17 July, 12:20

Which is an example of an income deduction?

An unexpected salary cut

Wages lost due to illness

Vacation budget

Retirement savings

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Answers (2)
  1. 17 July, 15:00
    0
    Income deduction is defined as an expense that is deducted from an individuals income to lower his tax liability.

    Explanation:

    An example of an income deduction is (D) Retirement Savings

    Income deduction is also known as tax deduction

    Example of income deduction include things such as: Investment interest expenses, Medical Expenses, Home mortgage interest, income tax etc
  2. 17 July, 15:52
    0
    D

    Explanation:

    An example of an income deduction is (D) Retirement Savings Income deduction is also known as tax deduction Example of income deduction include things such as: Investment interest expenses, Medical Expenses, Home mortgage interest, income tax etc
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