PLEASE HELP ME WITH THIS DISCUSSION! How many deductions from your paycheck can you list? Can...
PLEASE HELP ME WITH THIS DISCUSSION!
How many deductions from your paycheck can you list?
Can
explain whether or not your medicare
taxes
pay for your doctor and drugs if you are on
medicare.
Homework Answers
so many deduction in payroll: it is two types 1. voluntary 2.mandatory
1.voluntary:
A. health insurance plane
B.Retirement plane
C. job related expenses
D.Life insurance premium.
E.child support payments
2.mandatory
A. federal tax
B,State and local taxes
C.Federal insurance contribution
Medicare deduction is compulsory as per federal insurance contribution 1.45% on employer and 1.45% on employee .
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