Required vs. Optional Deductions; Characteristics (MATCH VERSION)

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12 Terms

1
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Is mandatory

Required

2
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Purpose is taxes/legal obligations

Required

3
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No choice (employer must withhold)

Required

4
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Is not mandatory

Optional

5
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Purpose is for benefits/savings etc.

Optional

6
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Gives employee a choice

Optional

7
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Federal/state income taxes

Required

8
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Social Security and Medicare taxes (FICA)

Required

9
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Wage garnishments

Required

10
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Health insurance premiums

Optional

11
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Retirement plan contributions

Optional

12
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Charitable donations

Optional