Amount deducted from an employee's salary for the payment of taxes, or insurance is known as payroll deductions. Payroll deductions are both mandatory and optional. Since certain deductions are made pretax, and others are made post-tax, the order in which they are taken out of paychecks is also essential.
The following are payroll deduction types:
Moreover, there are some volunteer payroll deductions, following are a few:
Related: After Tax Deduction, Before Tax Deduction, Payroll, Payroll Software, Payroll Activities, Payroll Service, Employer Payroll Taxes, CPP
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