Payroll Deductions
Now that you know the difference between gross and net pay, it is useful to learn more about the payroll deductions your employer makes — and why.
Payroll Deduction Plan
A payment method in which the employer deducts the premium from the individual employee's paychecks and sends it to the insurer.
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Payroll Deduction - Allows members to send part of their pay, retirement, insurance or investment checks directly to any SECU account.
Periodic Rate - A rate of finance charge imposed for a given amount of time.
Payroll Deductions
Payments that are deducted from an employee's paycheck and transferred or invested elsewhere (e.g., the employee's 401(k) program or a mutual fund account). Typically, a fixed amount is automatically deducted every pay period.
Payroll Deduction: Payments made on your behalf by your employer. They are automatically deducted from your pay cheque.
Payroll deduction
An amount an employer withholds from a paycheck. Mandatory deductions include various taxes. Voluntary deductions include loan payments, charitable contributions, and direct deposits into financial institution accounts.
Payroll Deduction Plan An arrangement between an employer and a mutual fund, authorized by the employee, through which a specified sum is deducted from the employee's salary to buy shares in the fund.
payroll deduction insurance
plan under which an employee authorizes his or her employer to deduct from each paycheck premiums due on an insurance plan.
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Payroll deduction
A payroll deduction is an amount deducted from an employee’s pay, usually based on the amount of an employee’s gross pay.
Payroll distribution ...
Payroll Deductions Pay Off
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Employee Stock Purchase Plan (ESPP) A plan usually linked to a corporation's payroll deduction system allowing employees to purchase shares at a discount from current market value.
(FSAs are usually funded by payroll deduction.) The only method permitted by the Internal Revenue Service (IRS) to avoid this "double-dipping" for medical FSAs and HRAs is through accurate and auditable reporting on the tax return.
Many people after realizing the importance of this extra money, have started opting for payroll deductions made to into an annuity. This way, when they retire, they will have backup monthly income.
Subcontractors and/or consultants will probably be the largest nonpayroll deduction on the return. Generally they will be engineering firms, interior design firms, landscape architects, or surveyors.
For individuals, the amount you've earned before payroll deductions are subtracted.
If you made gifts through payroll deductions (such as to the United Way), you don't need an acknowledgement letter unless any single deduction exceeded $250.
A plan usually linked to a Corporation's payroll deduction system allowing employees to purchase shares at a discount from current market value. Employer matching contribution ...
The term associated with payroll deductions from an employee's gross wages or gross salary.
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Employees contribute through payroll deductions in the same manner as a 401(k) plan. Earnings will also grow with the same tax-deferred status as 401(k) plans. Withdrawals from the plan become mandatory after participants reach age 70.
You may instruct us to debit your bank account for a security purchase or you may establish a payroll deduction that credits your account.
INVESTMENT A shareholder service that allows the periodic withdrawal of a specified amount from the shareholder's bank account to be invested in his or her mutual fund account. Some mutual fund groups also offer this service as a payroll deduction ...
are issued by the US government in face value denominations ranging from $50 to $10,000 and are sold directly to investors by banks, credit unions, and savings and loan associations at a discount. They are also available through payroll deduction ...
6 million were disabled former workers and their dependent family members. Social Security is financed through a payroll deduction (FICA) tax that is more than adequate now, but soon will be less than the amount needed to pay benefits.
dollars for a fifty dollar bond, while EE savings bonds could be bought at half their face value. In addition, if you have a TrasuryDirect account, you can purchase I bonds online, but if you don't have one, you can buy them by payroll deduction.
WORKSITE MARKETING Worksite marketing is an insurance marketing system for companies that want to increase the efficiency of their selling efforts by focusing on payroll deduction-based sales to individual prospects through the prospects' common ...
direct deposit (payroll deduction) A service that electronically transfers all or part of any recurring payment-including paychecks, pensions, and Social Security payments-directly to a participant's TIAA-CREF accounts.
 See also: Expense, Banks, Compensation, Administration, Fraud
  
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