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What happens to the money that your employer withholds from you paycheck?
Linam79
Your employer sends it to the federal government to help your income tax bill
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∙ 8y ago
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Who is supposed to take out the correct amount for unemployment insurance?
No one takes unemployment insurance out of a paycheck. That money for the insurance is paid by the employer, not the employee. The correct amount depends on the size of the company.
Why does the employer benefit in low wage economies?
The employer benefits because they don't have to pay their employees as much. Therefore, the employer can make more money.
Why do people say 'time is money'?
Because it is true - people get paid for every hour they work, so any time they are not working, they are losing money from their paycheck.
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money demand will decrease
How exactly does printing money devalue the dollar?
You as an American worker are still making the same amount of money on your paycheck, but there is more money in circulation. This is what devalues the dollar. From what I understand, the dollar is currently worth about two cents. Maybe this video will help? http://www.youtube.com/watch?v=nzMURWASuJ0
Can an employer deduct money from your paycheck due to missing funds even though no one knows who did it?
An ex-employer is in prison in this state for doing that.
Does an employer have to deduct taxes from a minor workers paycheck?
No The employer may not deduct taxes from your paycheck if you are under 18 unless you give them permission to do so, If they have done this to you make sure to talk to someone about it your entitled to get that money back.
Can an employer make employee pay missing money from register?
It is allowed to do this. However, that doesn't mean it is the most ethical. In some cases, the employer will take money out of the manager-on-duty's paycheck to compensate.
Can an employer withhold money from your check for property damage?
This varies from state to state. In Maryland, an employer must make an agreement with the employee to have deductions placed on the paycheck.
What are some benefits on advanced paychecks?
A benefit of an advanced paycheck is that you have money in your pocket for work that you haven't done yet. The employer is putting a lot of trust in you by giving you an advanced paycheck.
How much tax is taken out of someones paycheck when they 10000?
The amount of money withheld from a paycheck depends on your selection on your W-4 that you give your employer. The most will come out if you select 0.
Can an employer deduct tips out of your paycheck legally?
No. Your employer can neither take your tips (or any part of them), nor deduct money from your wages because of the tips you earn. Furthermore, your employer cannot credit your tips against the money the employer owes you. Labor Code Section 351
Can an employer in Louisiana deduct an overpayment from the employee's final paycheck?
Yes. Otherwise, how would they get their money, what check should they deduct it from?
Can your employer take money out of your paycheck for medical deductions they forget to previously take out?
Employer is trying to remove money from our paychecks because of a mistake made when checking a patient in. They are trying to charge us for the total cost of the exam, is this legal?
Can my employer garnish my check for money missing?
Unfortunately, there is not a universal answer to this question. Each state has its own laws governing an employer's ability to garnish an employee's paycheck due to money missing. Some states allow it, some states don't. So, it depends on the state in which you live. The federal government does not have a law that either allows or prohibits employers from deducting missing money from an employee's paycheck.
Is it legal for my employer to make me pay into a health insurance plan even though I don't get health insurance through my employer?
No, it is not legal. Any money that an employer takes from your paycheck for a benefit must be used to purchase the benefit. ERISA, a federal law, prohibits an employer from using employees' money for any other purpose.
What happen to the money that your employer withholds from your paycheck?
The taxes are sent to the taxing authorities. For example, your federal income taxes and Social Security taxes are sent to the IRS. State taxes are sent to your state tax department. Other deductions are sent to the appropriate party. Charity deductions are sent to the charity. Insurance deductions are sent to the insurance company (or kept by your employer if they are self-insured). Savings deductions are sent to the savings institution. 401k deductions are sent to the 401k trustee.
