Examine your own paystub, or the paystub of a friend or family member, and identify the items that are deducted from the gross pay

Included in this topic on liabilities is a discussion of payroll and related liabilities. Examine your own paystub, or the paystub of a friend or family member, and identify the items that are deducted from the gross pay. Are there any deductions that you do not understand? How has this exercise helped you to better understand your own take-home pay?

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