Compulsory deductions are taken from your check whether you agree or not, such as happens with taxes. Voluntary deductions are those you ask for, such as money to be deducted and placed into your retirement savings account.
Common deductions on a paycheck include federal and state income taxes, Social Security and Medicare taxes, and any voluntary deductions like health insurance or retirement contributions.
A deduction is a minimum that must be met. A contribution is a voluntary thing that is given from a person.
1) Compulsion : In Taxation , Taxes are compulsory payment whether they are direct and indirect. While in debt , Public debt are voluntary and not compulsory with the exception of when they are increased during crisis like war. 2) Limits : In Taxation , Taxes cannot be increased beyond maximum taxable ability of the people. While in debt , there are no such limits in public debt.
Above-the-line deductions are subtracted from your total income to determine your adjusted gross income, while below-the-line deductions are subtracted from your adjusted gross income to calculate your taxable income. Above-the-line deductions are available to all taxpayers, while below-the-line deductions are itemized deductions that must exceed the standard deduction to be beneficial.
Deductions for AGI are subtracted from your total income to arrive at your adjusted gross income (AGI), while deductions from AGI are subtracted from your AGI to determine your taxable income. Deductions for AGI include items like student loan interest and educator expenses, while deductions from AGI include items like medical expenses and charitable contributions.
Compulsory - something you have to do Voluntary - something you can choose to do or to ignore. Breathing is compulsory if you want to stay alive. Eating donuts is voluntary.
The antonym of compulsory is optional or voluntary.
they are national insurance and income tax.
The opposite of compulsory (compelled) would be voluntary or optional.
Voluntary and compulsory.
What do you understand by "compulsory" and "voluntary" winding up of a company
Do you mean they had no money and no means of coercion?
The opposite of voluntary would be involuntary (not by choice). If it is by outside force or regulation, the opposite would be compulsory, forced, required, or obligatory.
I don't really understand this question. Are laws compulsory? Laws are laws and are certain not voluntary as to whether you obey them or not.
Service in the Swiss military is compulsory for all male Swiss citizens aged 19 and it is voluntary for females. The duration of the compulsory service is 18 to 21 weeks.
Common deductions on a paycheck include federal and state income taxes, Social Security and Medicare taxes, and any voluntary deductions like health insurance or retirement contributions.
It was voluntary in idea but trust me most of the kids felt compelled after being brain washed in school and elsewhere.