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What is a deduction authorization form?

Wage Deduction Authorization Agreement. Editors Note: This form may be used to confirm an employees understanding that the company may deduct a portion of their pay in certain circumstances.

What is a payroll contribution?

Payroll contributions are those payroll-related costs that are borne by the employer, such as the Hospital Insurance (HIT) or Federal Insurance Contributions Act (FICA) employer tax, the employers funding for the Thrift Savings Plan (TSP), and the employer contributions to the retirement systems.

What is payroll deduction amount?

Payroll deductions are the specific amounts that you withhold from an employees paycheck each pay period.

What is a voluntary payroll deduction form?

A payroll deduction authorization form is a written agreement an employee must sign if they want certain voluntary deductions taken from their paycheck. These forms should be as clear and specific as possible so employees know how much money voluntary deductions will take out of their paycheck.

What is a deduction letter?

A tax deduction letter is used by charities and foundations to acknowledge donations, thank donors, and give each donor the information required to use the donation as a tax deduction.

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