Transcribed
5 Common Payroll Deductions Made From An Employee's Paycheck [Infographic]
5 Common Payroll Deductions Made From An Employee���s Paycheck
FEDERAL INCOME TAX
Amount calculated on Taxable Income
Marital Status
Frequency of Pay
Number of Claimed Allowances
SOCIAL SECURITY
Flat Percentage Rate
Deduction based on Taxable Income
Also Appears as FICA Tax
MEDICARE TAX
% Flat Percentage Rate
$ Based on Taxable Income
! Also Appears as FICA
OTHER DEDUCTIONS
Insurance Policies
Deductions Vary According to State and Employer
STATE INCOME TAX
Calculated Based on W4 or State Income Tax
Marital Status
Taxable Income
Allowances
Wage Garnishment
Employers Can Withhold Earnings In Order To Pay Debt
5 Common Payroll Deductions Made From An Employee's Paycheck [Infographic]
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An infographic on Common payroll Deductions made from an employee's Paycheck.
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