Asked by michelle hopkins on May 12, 2024
Verified
Required payroll deductions include pension and health contributions,union dues,and charitable giving.
Payroll Deductions
Amounts subtracted from an employee's gross pay for taxes, insurance, retirement contributions, and other mandatory or voluntary expenses.
Pension Contributions
Funds put into a pension plan by individuals or employers intended to finance retirement benefits.
Health Contributions
Payments made towards health insurance or healthcare services, often deducted from an employee's salary or made by employers.
- Recognize the obligations related to employment, such as payroll and benefits.
Verified Answer
(T
(K12_HN) Tu Thi Minh HangMay 19, 2024
Final Answer :
False
Explanation :
Required payroll deductions typically include federal and state taxes, Social Security, and Medicare contributions. Pension and health contributions may be required in some cases, but union dues and charitable giving are voluntary and not mandated by law.
Learning Objectives
- Recognize the obligations related to employment, such as payroll and benefits.