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Another name for withholdings is "payroll deductions." These are amounts deducted from an employee's paycheck for taxes, insurance, retirement contributions, or other benefits. Withholdings are typically required by law and are designed to prepay income tax and other obligations.
What else can I help you with?
What another name for client?
another name for good client
What is another name of white gold?
White Gold is another name for Platinum.
What is another name for home trade?
Real Estate
What is another name for the category other?
Another name for a category entitled other, is miscellaneous.
Another name for boss?
Employer
What is another name for a payroll deduction?
Payroll deductions are also called withholdings. Things typically withheld from earnings are state and federal income taxes, social security, and national insurance.
What is another name for take home money?
Another name for take-home money is "net income." It refers to the amount of money an employee receives after all deductions, such as taxes and other withholdings, have been subtracted from their gross salary. This is the actual amount available for personal use or savings.
What is another meaning for withholdings?
Withholdings can refer to the portion of an employee's earnings that is deducted for taxes, benefits, or other obligations before they receive their paycheck. Additionally, in a broader context, withholdings can signify the act of keeping back or retaining something, such as information or resources, from someone or a group. This term can also apply to legal contexts, where it may involve the retention of certain documents or evidence.
What are withholdings?
Withholdings are funds that are deducted from an employees paycheck for taxes as well as for payment of benefits that the employee is responsible to pay. As far as withholdings of taxes, there is the employee share of Social Security and Medicare Taxes as well as the withholding of federal, state, and local income taxes. The withholdings are not payment of the income taxes but a payment toward whatever their income taxes might be. The employee will file a tax return after the end of the calendar year at which time the years withholdings will be prepayment of the tax owed on the return. If the withholdings are more that the tax is then the taxpayer will receive a refund but if the withholdings for income tax are not enough then there will be a balance due from the taxpayer that they have to pay.
What is one activity that is not supported by America's Job Bank Website?
Applicants can calculate their tax withholdings
Is it true that net pay will vary according to the amount of withholdings?
Net pay will vary according to the amount of withholdings.
Which one of these is not an employees withholdings?
investment earnings
Which one of these is not an example of an employees withholdings?
Investment Earnings
What is the definition of net income?
the amount of paycheck after withholdings
Can you increase tax withholdings to offset 401k contribution?
yes
Is the best definition of net income?
the amount of paycheck after withholdings
What is the best definition of net income?
the actual amount of a paycheck after withholdings
