Employers often withhold amounts from employees' earnings which arise from employee requests, contracts, unions, or other agreements. these withholdings are called employee deductions and include items such as medical premiums.
What is employee deductions ?
- Employee deductions are amounts that are withheld from an employee's earnings at their request, or as required by law or other agreements. These deductions can include a wide range of items, such as medical premiums, retirement plan contributions, union dues, charitable donations, and other types of insurance premiums.
- Employee deductions are typically made from an employee's gross pay, which is the total amount of money earned before any deductions are taken out.
- The net pay is the amount of money that the employee receives after all deductions have been made. Employers are required to provide employees with information about the deductions that are being made from their pay, including the amount and purpose of each deduction.
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