Getting comprehensive control of your documents at any moment is crucial to ease your daily duties and enhance your efficiency. Achieve any objective with DocHub tools for papers management and practical PDF file editing. Gain access, adjust and save and integrate your workflows with other safe cloud storage services.
DocHub provides you with lossless editing, the chance to use any format, and safely eSign documents without looking for a third-party eSignature software. Get the most of your document management solutions in one place. Check out all DocHub features today with your free of charge account.
hello in this lecture we will define payroll deduction according to fundamental accounting principles while the 22nd edition d a definition of a payroll deduction is amounts withheld from an employees gross pay also called withholdings when were thinking about the payroll deductions were typically thinking about those payroll taxes federal income tax FICA taxes including Social Security and Medicare but of course we could also take out the deductions from the pay of benefits such as a retirement plan or a insurance plan so it looks something like this we would have the gross pay what the employee actually earned that not being what will actually be received because we will have the deductions from that grils pay including the FICA taxes of Medicare and Social Security then were also can have that the federal income tax that were gonna have to withhold these are all federal taxes to being the FICA tax 1 beating the federal income tax of that federal income tax on the employee wage