THE GREAT DEPRESSION 1929 1940
FRANKLIN D ROOSEVELTS NEW DEAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Public Works Authority
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Social Security
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Fair Labor Standards Act
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Agricultural Adjustment Act
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Detailed explanation-1: -Is pension taxable? – Yes. The pension income is taxed just like the way income from salary is taxed. However, the pension is fully exempt from tax if it is received from a government employer.
Detailed explanation-2: -They include: unemployment insurance benefits and supplements, accident, injury and sickness benefits, old-age, disability and survivors’ pensions, family allowances, reimbursements for medical and hospital expenses or provision of hospital or medical services.
Detailed explanation-3: -Social security contributions. Indian social security is broadly governed by the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 (PF Act) and schemes made thereunder, namely the Employees’ Provident Fund Scheme (EPF) and the Employees’ Pension Scheme (EPS).
Detailed explanation-4: -Payroll deductions are wages withheld from an employee’s total earnings for the purpose of paying taxes, garnishments and benefits, like health insurance. These withholdings constitute the difference between gross pay and net pay and may include: Income tax. Social security tax.