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
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Yes
Statutory deductions consist of FIT(Federal Income Tax), SIT(State Income Tax, where applicable), City (Where applicable), SD( School District Tax, where applicable), FICA and Medicare.
its a voluntary deduction from the pay of employee. like:1.subscription to trade union 2.contributions to a pension scheme 3.deductions under holiday pay schemes etc. a.r.
its a voluntary deduction from the pay of employee. like:1.subscription to trade union 2.contributions to a pension scheme 3.deductions under holiday pay schemes etc. a.r.
Every year employers in Canada are required to withhold, report and remit the statutory deductions taken from their employees' pay. These deductions should be reported to the federal government by the last day of February of the following year. The employers must report the amount paid to the employee and the statutory deductions withheld, from the employee on slip known as a federal T4 or T4A slip. In addition to federal government withholding, and remittance requirements by the Quebec employers, the Quebec employers must also report and remit Quebec Statutory deductions withheld during the year to Ministere du Revenu du Quebec by the last day of February of the following year. These amounts with held by the Quebec employers are reported on the Quebec Releve 1 (RL-1). The main difference between T4 and RL-1 is that T4s are used to report federal statutory deductions collected and remitted by the employers in Quebec and rest of the Canada, where RL-1 is used to report Quebec provincial taxes and statutory deductions withheld only for the Minsitere du Revenu du Quebec.
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A CIT is a counselor in training.
As of July 2014, the market cap for CIT Group Inc (DEL) (CIT) is $9,449,640,967.25.
No. CIT and Citi Group are not the same companies nor are they related entities. In fact, they are competitors.. CIT is (or was) Commercial Investment Trust