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 Sf1188 1979-2024

Sf1188 1979-2024 Form

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Video instructions and help with filling out and completing Sf1188 Form

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Instructions and help about opm form 1188

Hello in this lecture we will define payroll deduction according to fundamental accounting principles while the 22nd edition d a definition of a payroll deduction is amounts withheld from an employee's gross pay also called withholding when we're thinking about the payroll deductions we're typically thinking about those payroll taxes federal income tax FICA taxes including Social Security and Medicare but of course we could also take out the deductions from the pay of benefits such as a retirement plan or an insurance plan, so it looks something like this we would have the gross pay what the employee actually earned that not being what will actually be received because we will have the deductions from that girls pay including the FICA taxes of Medicare and Social Security then we're also can have that the federal income tax that we're going to have to withhold these are all federal taxes to being the FICA tax 1 beating the federal income tax of that federal income tax on the employee w

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