Payroll Deduction

Business / Accounting / Payroll Deduction: An amount subtracted from a paycheck as the government requires or the employee requests. Mandatory deductions include various taxes. Voluntary deductions include loan payments or deposits into saving accounts.

Other Words for Deduction

Deduction Noun Synonyms: conclusion, inference, finding, reasoning, result
Deduction Verb Synonyms: subtraction, diminution, decrease, reduction, withdrawal, removal, abstraction
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Payroll Deduction

Business / Accounting / Payroll Deduction: An amount subtracted from a paycheck as the government requires or the employee requests. Mandatory deductions include various taxes. Voluntary deductions include loan payments or deposits into saving MORE

Payroll

Business / Finance / Payroll: The total wages, not including benefits, paid by a business during each forecast year. MORE

Payroll Records

Business / Human Resources (HR) / Payroll Records: Documentation created and maintained by the employer, which contains information regarding hours worked, salaries, wages, commissions, bonuses, vacation/sick pay, contributions to qualified health and MORE

Standard Deduction

Business / Finance / Standard Deduction: The method of calculating cost of sales that compares the amounts of materials, direct labor and overhead projected in the Cost of Sales assumption (the standard costs) to expenses allocated to the Pr MORE

Tax Deduction

Business / Accounting / Tax Deduction: An expense that a taxpayer can subtract from taxable income. Examples include deductions for home mortgage interest and for charitable gifts. (See Tax Credit, Tax Exemption.) Tax Deferred Investments MORE

Deduction

Business / Accounting / Deduction: Business expenses or losses that are subtracted from gross income in computing taxable income. MORE

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