Payroll practitioners should be familiar with the different types of non-statutory deductions. List...

Question

Payroll practitioners should be familiar with the different types of non-statutory deductions. List the four types of non-statutory deductions discussed in the material and give two examples for each.
200 words

Robert · Accepted Answer

Four types of non –statutory deductions are as follows: 
 Social Security and Medicare – It is based on the Federal Insurance Contribution 
Act (FICA). It is 6.2% of the gross pay and Medicare deductions are 1.45% of the 
gross payment. Social security deduction is subject to an annual cap while Medicare 
has no annual cap. 
Example:   Retirement benefits and disability benefits.

Payroll practitioners should be familiar with the different types of non-statutory deductions. List the four types of non-statutory deductions discussed in the material and give two examples for each....

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