What of the following is not an optional deduction?
A. Health insurance
B. 401(k)
C. Medicare
D. Life insurance
The answer is Medicare for apex
Federal Health Insurance Deduction (medicare)
Social security
One type of payroll deduction is all the taxes you have to pay such as federal, state and social security. Another type of deduction is your health insurance.
Any deduction from your paycheck (or payslip) is technically considered payroll deduction. Examples of most common deductions are: * Credit Union deposits * Health Insurance * Union Dues * Dental Insurance * Disability & Accident Insurance * Life Insurance * Charities * Taxes (PAYE) * Pension * Student Loan payments
One type of payroll deduction is all the taxes you have to pay such as federal, state and social security. Another type of deduction is your health insurance.
Auto insurance, and if you are hurt by the accident, then health insurance too, but you will need health insurance for the second to file a claim for injuries, and health insurance is optional. Auto insurance is required by law. If it is someone else's fault however, then they must pay for all the damage to you, your car, and themselves.
A percentage of your health insurance premiums may be used as a credit if that meet the percentage of your gross income as spelled out in the tax code. All very complicated.
No, you cannot claim a tax deduction for health insurance if you are paying for the plan through an employer's "cafeteria plan". The cafeteria plan is taking the money from your paycheck before any taxes are applied, so you are already getting the cost paid with tax-free dollars. You cannot claim it twice.
Agile Health Insurance makes it simple to choose, compare & apply online for affordable Health Insurance from leading Health Insurance Companies with ObamaCare options, Short-Term Health & Dental Insurance too! See more here cutt.ly/kjomuyT
Bluecross Blue Shield offers both individual and family health insurance. They also offer an optional dental plan.
AXA UK is an insurance company that offers the following types of insurance: car insurance, home insurance, health insurance, travel insurance, and van insurance.
Assurant Direct offers the following types of insurance: life insurance, health insurance, accidental death and disability insurance, and other types of insurance as well.