TRAXPayroll
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Deduction Types

Overview

  • Deductions have various taxing rules associated to them.
  • Deductions may be included in wages for some tax types but not others.
  • For example, 401(k) deductions are not taxed for federal income tax but are taxed for Social Security and Medicare.
  • It's very important to select the correct deduction type when adding deductions in TRAXPayroll.

Deduction Types

Related Links:

Company Deductions
Add Company Deduction