Employee Deductions are amounts withheld from an employee’s gross pay for taxes, benefits, or other authorized expenses, reducing their net paycheck.
- What are employee deductions?
Answer: They are amounts withheld from gross pay for taxes or benefits. - What are examples of deductions?
Answer: Examples include federal taxes, health premiums, and retirement contributions. - How are deductions determined?
Answer: They are based on tax rates, benefit elections, and legal requirements. - What is the difference between pre-tax and post-tax deductions?
Answer: Pre-tax reduces taxable income, while post-tax does not. - How can employees dispute deductions?
Answer: They can contact HR or payroll with documentation.
