Retirement savings are among the examples of income deduction and Option D is correct.
Income deduction can be defined as the amount that is being deducted transparently from the actual income before the income comes in hand and is allocated in other reserves that are utilized for various benefits.
Retirement savings, income tax, medicare, and many more are some of the examples of Income deduction.
Retirement savings are funds deducted transparently and consistently from the income for a long period of time and is returned to the employee during the time of retirement.
Therefore, Retirement savings are among the examples of income deduction and Option D is correct.
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