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Authorization for Payroll Deductions Queens University of Charlotte Form

Authorization for Payroll Deductions Queens University of Charlotte Form

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payroll can be complicated and it doesn't help when payroll terms like withholding and deduction are used interchangeably to talk about similar but different processes so what's the difference between withholdings and deductions in this episode of hrfaq i'll answer that question and explain how they work let's jump in what's the difference between payroll withholdings and deductions although there's a lot to keep in mind when setting up and running payroll the real challenge of it is determining how much to withhold and deduct but of course you need to understand the difference to do it correctly while the terms are often used interchangeably with holdings and deductions are not the same thing simply put taxes are withheld and benefits are deducted payroll tax withholding includes federal state and sometimes local income taxes as well as social security and medicare taxes social security and medicare are often collectively called fica tax

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