Deductions Overview
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A deduction is a monetary amount subtracted from an employee’s taxable income that reduces the amount paid on a pay statement.
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A deduction is a monetary amount subtracted from an employee’s taxable income that reduces the amount paid on a pay statement.
Open Enrollment is a period when employees choose their benefit options, ensuring coverage for themselves and their families.
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The pay statement, also known as a pay stub, includes the details of the employee’s pay for that pay period. Pay statement details help employees understand their pay and check for inaccuracies.
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The Form W-4, also known as the Employee's Withholding Allowance Certificate, is a tax document used by employees in the United States to specify the amount of federal income tax that their employer should deduct from their paycheck.
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Earnings identify different types of employee compensation for services provided. Earnings can also include specific parameters such as accounting rules, tax laws, and reporting requirements.
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A job can have defined attributes or describe a specific role.
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Life Event Enrollment is a special enrollment period outside of a company’s standard open enrollment period.
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