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One type of payroll deduction is all the taxes you have to pay such as federal, state and social security. Another type of deduction is your health insurance.
What else can I help you with?
What are two types of payroll deductions?
required and volintary
Payroll Deductions?
Payroll Deductions Use this calculator to help you determine the impact of changing your payroll deductions. You can enter your current payroll information and deductions, and then compare them to your proposed deductions. Try changing your withholdings, filing status or retirement savings and let the payroll deduction calculator show you the impact on your take home pay. This calculator has been updated to use the new withholding schedules for 2010.
What two payroll deductions are withheld under the fica heading?
Medicare and Social Security are the payroll deductions withheld under FICA. These federal benefit programs are a part of the Federal Insurance Contributions Act.
What are payroll tax deductions?
Here's a link to a website that explains all about payroll tax deductions and how to handle them. http://taxes.about.com/od/payroll/qt/payroll_basics.htm
What are types of payroll deductions?
Deduction from employees, Earnings for employees, Employee statutory deductions, Employers statutory contributions, Gratuity, Loans and advances and Reimbursement to employees are the types of payroll deductions
Explain the responsibilities of and the accounting by employers for employee payroll deductions?
Generally speaking, employers report payroll by calculating gross pay and various payroll deductions to arrive at net pay. While this seems simple enough to understand, calculating various payroll deductions requires that the payroll accountant be detail-oriented and work with extreme accuracy.
What is another term that means withholds?
Payroll Deductions
What another term that means withholding?
Payroll Deductions
Which describes the document where an employer records all the deductions connected with a specific payroll period?
Payroll register
What should an employer record payroll deductions as?
Current liabilities.
What is another name for withholding's?
Taxable incomes
What software is available for processing payroll deductions?
There are several companies selling software for processing payroll deductions. Realtaxtools, metca, purchasingpower and sarotech are among many others that have software available.
