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NSUMER ECONOMICS Exam 3 Continued 56. List 3 possible deductions that might appe

ID: 1225906 • Letter: N

Question

NSUMER ECONOMICS Exam 3 Continued 56. List 3 possible deductions that might appear on a paycheck stub (A) Student Number 57. Using complete sentences, explain a major disadvantage to getting a big tax refund. 58. The Davidson family decided to balance the family budget for the month of November. Upon doing so, they realized that their projected expenses exceeded their projected income for the month. Using complete sentences, explain three ways that the Davidsons might cut expenses or increase income to meet their desired goals.

Explanation / Answer

ans 56)
Three deductions that might appear on a paycheck stub are

1.TSS: Social Security
2.CL1-3: life insurance, employee
3.TST: State income tax