0
Want this question answered?
Be notified when an answer is posted
Still curious? Ask our experts.
Chat with our AI personalities
Jordan
Fran
EzraAdd your answer:
Earn +20 pts
What is the income called that you take home after taxes are taken from your paycheck?
It's called your Net Pay... So that's what's left after taxes and everything else has been taken out of your gross pay. The Gross Pay is your full check IF nothing had been taken out of it. However, no one gets all of their Gross Pay on payday, because SS, taxes, and other deductions are withheld on your behalf.
What all deductions are needed for gross salary?
Gross salary means the total salary BEFORE any deductions are taken, so the answer is no deductions.
How much you make before taxes and deductions are taken out?
Department
Money taken out of a salary for such things as taxes medical insurance and retirement funds are called?
Money taken out of a salary for such things as taxes, insurance, and retirement funds are called deductions.
What is post tax deduction?
Post tax deductions are deductions that are figured after taxes have already been taken out, such as a pay advance repayment. Pretax deductions are deducted from gross pay, then federal and state income taxes are determined on the net amount.
Are taxes paid on insurance deductions taken from pay check?
yup
What is the name for money being taken of your check for tax purposes?
Deductions at source.
Compulsory and voluntary deductions?
Compulsory deductions are taken from your check whether you agree or not, such as happens with taxes. Voluntary deductions are those you ask for, such as money to be deducted and placed into your retirement savings account.
What does TOT DED mean on a pay check under deductions?
TOT DED means Total deductions which is the gross amount taken out of the wage before your employee receives their wage slip and wages
What is the income called that you take home after taxes are taken from your paycheck?
It's called your Net Pay... So that's what's left after taxes and everything else has been taken out of your gross pay. The Gross Pay is your full check IF nothing had been taken out of it. However, no one gets all of their Gross Pay on payday, because SS, taxes, and other deductions are withheld on your behalf.
How much can the state of Alabama garnish your check?
The amount that the state of Alabama can garnish your check is no more than 25%. This is after taxes and other deductions have been taken out.
When there is deductions from someones check should child support be taken first?
There is a priority level assigned to wage garnishments, which would be governed by state law. Court ordered garnishments would take priority over voluntary deductions or deductions for things like union dues.
Do you have to pay Medicaid when you receive your insurance check?
Probably not. Usually, any deductions for Medicaid will have been taken prior to any payment to the patient.
What all deductions are needed for gross salary?
Gross salary means the total salary BEFORE any deductions are taken, so the answer is no deductions.
What is deductions taken from wage packet?
it is money that is taken from your wages per month
What deductions are typically taken from the 3rd paycheck of the month?
The deductions typically taken from the 3rd paycheck of the month are taxes, retirement contributions, health insurance premiums, and any other benefits or deductions agreed upon by the employee and employer.
How much you make before taxes and deductions are taken out?
Department
