Match each of the voluntary deductions listed with the correct definition.

State disability insurance 401(k) Payroll deduction IRA Cafeteria plan Charitable contribution

A defined-contribution retirement plan for which a set amount may be withheld from gross earnings each pay period. These funds are tax deferred. Provides short-term benefits to employees who are unable to work as a result of an off-the-job circumstance. Employees may be required to contribute toward this in certain states. A group of benefits offered by employers. To offer this, employers must give each employee a choice of at least one taxable option and one nontaxable option. A retirement plan option often utilized by individuals who are self-employed. It is perhaps the simplest retirement option. These are often matched by the employer, thereby magnifying the benefit to the organization receiving the funds. These amounts are subject to federal income tax withholding.