Here's everything small-business owners need to know about payroll deductions, including which ones are required by law. Many, or all, of the products featured on this page are from our advertising ...

Payroll deductions are reductions that the employer makes from employees' paychecks. Deductions are either voluntary or involuntary. The former means that the employee have consented. The latter means ...

Payroll taxes are deducted from an employee’s paycheck specifically for Social Security, Medicare, and unemployment. Confusion about FICA vs FUTA arises because both are similarly named types of ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Employees must get paid for the work they do, and it is the employer's responsibility to ensure that this happens. You can handle employee payroll in different ways, such as manually, with an in-house ...

Whether you’re an employer running payroll or a W-2 employee trying to understand where your paycheck is going, it’s important to know which federal, state and benefits-related deductions come out of ...

There are a number of deductions that will occur from most employee’s compensation. Among these are applicable federal and state income taxes. Social Security deductions are also taken from each ...

A little-noticed consequence of the proposed regulations on the 20% qualified business income (QBI) deduction introduced by the legislation known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, is ...

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small ...