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Which of the following is the correct sequence for computing taxable income? Multiple Choice Compute gross pay, deduct pre-tax amounts, and deduct post-tax amounts. Compute

Which of the following is the correct sequence for computing taxable income?

Multiple Choice

Compute gross pay, deduct pre-tax amounts, and deduct post-tax amounts.
Compute gross pay, and deduct pre-tax voluntary deductions.
Compute gross pay then deduct garnishments or union dues.
Compute gross pay, compute FICA, and add those amounts.

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