Pretax Deduction
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A Pretax Deduction is a employee deduction that ...
- See: After-Tax Deduction.
References
2017
- http://paydayhcm.com/resources/employer-resources/glossary/
- QUOTE: A deduction taken from gross pay that reduces taxable wages.
2016
- http://smallbusiness.chron.com/withholding-tax-off-paycheck-before-after-fica-80686.html
- QUOTE: Next, subtract pre-tax deductions such as health care premiums and contributions to retirement plans. Federal income tax is withheld only on the taxable amount remaining.