A deduction is an amount of money that is subtracted from an employee's gross pay to cover expenses such as taxes, insurance premiums, and retirement contributions.A pre-tax deduction is a deduction that is taken out of an employee's paycheck stubs before taxes are calculated, which can reduce the amount of taxes owed.
After calculating taxes, a post-tax deduction is taken from an employee's pay, which does not affect the taxes owed.Direct deposit is a method of payment in which an employee's pay is deposited directly into their bank account instead of receiving a physical paycheck.If you notice an error on your paycheck stubs, notify your employer immediately so that they can correct it. Keep a record of any correspondence for your records.
