Deductions Overview
2:49
Description
Related Videos
A deduction is a monetary amount subtracted from an employee’s taxable income that reduces the amount paid on a pay statement.
View More
View Less
2:49
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.
1:55
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.
2:26
Taxes are calculated based on locations. A location is the physical location where the employee works, which determines the worked-in state/province income tax and/or local income tax.
0:56
Pay groups are assigned to a set of employees and define how they are paid. Pay groups determine pay frequency, pay schedule, and processing steps.
1:33
A job can have defined attributes or describe a specific role.
1:02
Business rules can be thought of as required instructions for a system to accurately process information.
0:55