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What are two deductions withheld from your paycheck and what are they used for?
Wiki User
∙ 9y ago
The can be a great number of deductions from your paycheck. Some are things that you have agreed to pay, such as health insurance, dental insurance, vision insurance, or a contribution to a 401K or other retirement plan. If you are a member of a labor union, your union dues are probably listed there.
Some government-mandated deductions are Federal income tax, FICA (Social Security "contribution"), Medicare tax, state income tax, and SUI/SDI (State Unemployment Insurance/State Disability Insurance).
Wiki User
∙ 9y ago
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How much taxes is taken off 760.00 salary with 3 persons deductions?
Assuming that the filing status is single with three deductions, the take home pay for $760 paid every two weeks is approximately $660.00. If married is claimed on form W-4 then the tax withheld will be lower, and net pay increases.
What are two types of payroll deductions?
required and volintary
What are the two most common deductions?
When itemizing, the two most common deductions are home morgage interest and property taxes. If you mean credits the two most common are the child tax credit and earned income credit. Both deductions and credits lower or go against your tax liability.
What are the different types of IRS Form 1040?
There are at least two types of the form 1040. The first is the 1040 EZ which is used by a person who does not have to submit various other forms to document income. There is also a 1040A which allows for some deductions and then there is the 1040 long form which allows for people with more complex incomes and deductions.
How long do you have to wait to get your last paycheck in the state of IN?
How long you wait to get your last paycheck in the State of Illinois depends on the business. Some businesses will ask that you wait two weeks. Others will mail it several weeks later.
What two 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 two deductions are withheld under 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 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.
Identify two expenses in the income statement?
On a typical paycheck in the United States, you will see income taxes withheld and Medicare/Medicaid/Social Security taxes withheld.
In one to two sentences, list some deductions you may see on your paycheck stub?
A couple of deductions you could find on your paycheck stub would include Federal Income Tax, State Taxes, Social Security, Medicare, Insurance, Retirement Saving Funds, and Account Spendings.
How much taxes is taken off 760.00 salary with 3 persons deductions?
Assuming that the filing status is single with three deductions, the take home pay for $760 paid every two weeks is approximately $660.00. If married is claimed on form W-4 then the tax withheld will be lower, and net pay increases.
What are the two parts of a paycheck?
The two parts of a paycheck include the amount earned and your information
Erika worked 14 hours last week and 20 hours this week If she earns 9 per hour how much did she earn during these two weeks?
$306 GROSS....then consider 25-30% in deductions and Erika will take home about $214-$229 on her paycheck.
What are two types of payroll deductions?
required and volintary
What are the two most common deductions?
When itemizing, the two most common deductions are home morgage interest and property taxes. If you mean credits the two most common are the child tax credit and earned income credit. Both deductions and credits lower or go against your tax liability.
What are two primary deductions?
1. Yourself 2. If you are blind.
In a two column proof the left column contains series of deductions?
False
