wage deduction
Money taken out
A wage deduction is money withheld from an employee's paycheck.
Some deductions are mandatory—taxes, Social Security, court-ordered garnishments.
Others are voluntary: health insurance premiums, retirement contributions, union dues.
The wage deduction for her 401(k) came out before taxes.
- income taxGovernment charge on earnings
- payroll taxWithholding from worker wages
- Social SecurityFederal old-age insurance program
- retirement contributionsFunds allocated for post-work years
- MedicareFederal senior health program
union dues · commuter benefits · flexible spending accounts · charitable donations · state tax · garnishments · parking fees · unemployment insurance · gym memberships · employee benefits · child support · loan repayment · alimony · training expenses · direct deposit · take home pay · pay stub
wage deductionbonus
Reward beyond expectation
salary increase · pay raise · pay bump · incentive pay · stipend
wage deductionraise
Lift or increase
pay raise · wage increase · salary increase · cost-of-living adjustment · merit increase
wage deductionbonus
Reward beyond expectation
gratuity · tip · profit sharing · signing bonus · performance bonus
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