Olivia’s employer deducts an amount from her paycheck for the Medicare program. What type of withholding is being deducted from Olivia’s paycheck?

Answers

Answer 1

Medicare is a federal health insurance program for US citizens who are about 65 of the age and older. Certain younger people with physical disabilities are eligible for Medicare as well. Keep in mind the program doesn’t cover the entire cost of medical treatment.

Answer 2

Answer:

Social Security withholding

Explanation:

Social security refers to any program of the government put in place to render financial help to low or no income earners. In the US, it is referred to as a social safety net or welfare.

Medicare program in the US falls in the category of social security because it assist elderly people in the US with the age of 65 and above to receive health insurance.

Therefore, the deduction from Olivia’s paycheck for Medicare program is social security withholding.


Related Questions

Which is a postreading strategy common to both fiction and nonfiction?

identifying the speaker
using visualization
summarizing
making predictions

Answers

Answer:

summarizing

Explanation: just did it.

Answer:

summarizing

Explanation:

Explain The Goal For Career
Career
o Long-term goal:
o Mid-term goal:
o Short-term goal:

Answers

Long-term: it is best to set a goal of 10 years for yourself. Either if its married, have a career or still in college.

Mid-term: this will probably be in your mid 20’s. In college or studying abroad.

Short-term: this is about 3-5 years. You should see yourself finishing high school and figuring out what college you want to go to.

Career goal setting involves establishing long-term goals, which are significant milestones taking years to achieve, mid-term goals that serve as bridges toward long-term aspirations, and short-term goals that are immediate steps aiding progression. These goals should be aligned with career plans, dream jobs, or evolving interests, and flexible to adapt over time.

The goal for a career involves setting various types of objectives that relate to your professional life. These goals can be categorized into long-term, mid-term, and short-term goals.

Long-Term Goals

Long-term goals are those that take years to achieve and represent significant milestones in your career. An example would be completing a Bachelor of Arts degree within four years, or potentially advancing to a senior position in a company. These goals reflect your personal values and commitment to your professional growth.

Mid-Term Goals

Mid-term goals are set to be achieved on a medium timeframe and act as a bridge between short-term actions and long-term aspirations. Saving for a down payment on a house is a common mid-term goal that is often related to your career, as it requires financial stability and a certain level of income.

Short-Term Goals

Short-term goals are immediate action steps that help you progress towards longer-term objectives. They can be as immediate as paying a bill or as strategic as acquiring a particular skill that can facilitate a job promotion. By regularly setting and achieving short-term goals, you maintain momentum and stay engaged with your overall career trajectory.

Aligning your goals with your career plans, be it a dream job or an evolving field of interest, is crucial. Your goals should be flexible enough to adapt as you gain new insights into your professional preferences or as unexpected opportunities arise.

Sarah transferred $450.00 from her savings account to her checking account. She’ll use the check register to record her transaction. What will be her new balance?

Answers

Answer: This is with the assumption that her checking account and savings account are separate from each other. If she would transfer 450 from her savings account to her checking account, the new balance of her savings account would be the amount less 450 and the new balance of the checking account would be the balance plus 450.

Answer:

700.05

Explanation:

edge

Getting a loan you have to repay is known as
a)equity financing.
b)debt financing
c)amortized lending.
d)irrevocable trusts.

Answers

Answer:

A) equity financing

Explanation:

i got it right on the test

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