Description
You Can Try These Out
A payroll deduction refers to the amount that your employer takes from your paycheck for a number of different reasons. They include deductions that are mandatory to satisfy tax requirements as well as voluntary deductions for benefit programs like health insurance and retirement plans. Pre-tax dollars are the most common benefits-related deductions. This means that you pay less income tax on any portion of your salary remaining. Whether you really want a useful reference on tax, look at here.