Calculating federal tax deductions and withholdings can be complicated without the help of a tax deduction calculator or payroll software. However, once you understand the required forms and ...

The 0.58% payroll deduction will fund the state’s first-in-the-nation long-term care insurance program, which will provide a lifetime benefit of up to $36,500 to people who need help with daily ...

One financial accounting method businesses use is the payroll journal entry. Payroll journal entries record your workers’ pay alongside overall business expenses. While the process may look different ...

Deductions from an employee’s or student’s wages will be in accordance with applicable law and with the individual’s consent, unless the deduction is as a result of a court or government order.

When starting a new job, employees must fill our Internal Revenue Service Form W-4, instructing their employers how to set up their payroll deductions. An employer cannot begin running an employee ...