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.
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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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.
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Open Enrollment is a period when employees choose their benefit options, ensuring coverage for themselves and their families.
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SMART goals are specific, measurable, action-oriented, realistic and timely.
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Goals are used to rate and evaluate employee performance based on the company's established objectives.
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An accrual policy defines how and when balances associated with accrual codes are credited and debited.
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