Following are payroll deductions for Mars Co. Classify each payroll deduction as either a voluntary or involuntary

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Following are payroll deductions for Mars Co. Classify each payroll deduction as either a voluntary or involuntary deduction. Record a (V) for voluntary and an (I) for involuntary.

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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Question Posted: Aug 16, 2022 07:40 AM

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Following are payroll deductions for Mars Co. Classify each payroll deduction as either a voluntary or involuntary

Question:

Payroll Deduction FICA Social Security Tax Vacation pay 401(k) retirement plan contribution Charitable contributions Federal Unemployment Tax (FUTA) Health insurance plan contribution FICA Medicare Tax State Unemployment Tax (SUTA) Voluntary (V) or Involuntary (I)?

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Principles Of Accounting Volume 1 Financial Accounting

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