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A deduction taken out of payroll for something, reducing the income tax is applied to. Hence you get to pay that item with "pre tax" money...which is cheaper than after tax money.
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∙ 15y ago
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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.
What effect do pretax salary reductions have on the federal income tax?
what effect do pretax salary reductions have on the federal income tax?
What is pretax FEHB incentive?
The Pretax FEHB incentive is to ensure a high reputation for employees and clients. They specialise in safety and ensuring everyone is a happy customer with absolutely no complaints.
what is the standard deduction?
what is the standard deduction
What is a med 125 deduction?
125fam deduction
What is pretax?
An amount removed from pay before taxes are deducted. For example, some 401(k) plans are a pretax contribution - the deduction is made before the taxes are figured, thus lowering your tax liability.
What is Pretax Group's population?
Pretax Group's population is 1,100.
When was Pretax Group created?
Pretax Group was created in 1944.
Are Social Security Administration taxable wages reduced by pretax deduction?
It depends on the deduction. Most common deductions such as medical premiums reduce SS taxable wages. But salary-deferal types of deductions do not. For example, employee contributions to a 401lk or Simple IRA do not reduce SS taxable wages.
Does pretax need to be hyphenated?
The word pretax can be used either with or without a hyphen.
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.
What effect do pretax salary reductions have on the federal income tax?
what effect do pretax salary reductions have on the federal income tax?
Does pretax use a hyphen?
No it's not hyphenated.
What is pretax FEHB incentive?
The Pretax FEHB incentive is to ensure a high reputation for employees and clients. They specialise in safety and ensuring everyone is a happy customer with absolutely no complaints.
What is a stimulus deduction?
What is a stimulus deduction?
what is the standard deduction?
what is the standard deduction
What is a med 125 deduction?
125fam deduction
