Which of the following deductions may be taken on a pre-tax basis? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

Question

Quizplus · Accepted Answer

Cafeteria plans, retirement plans, and health insurance premiums can often be deducted on a pre-tax basis, reducing taxable income. Garnishments, however, are not a pre-tax deduction; they are taken from after-tax income.

Which of the Following Deductions May Be Taken on a Pre-Tax