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Insurance premiums are a voluntary deduction that is a mandatory deduction payroll tax pre-tax contribution qualified retirement plan
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I think it is "pre-tax contribution" but I'm not sure
Insurance premiums are a voluntary deduction that is a payroll tax. Insurance premiums are typically deducted from an employee's paycheck as a payroll tax, which is a mandatory deduction. However, insurance premiums themselves are not a mandatory deduction, but rather a voluntary one. This means that employees are not required to enroll in insurance programs offered by their employer, and can choose to opt out of these programs if they prefer not to participate.
@mikewwe13 wrote:
Insurance premiums are a voluntary deduction that is a payroll tax.
Insurance premiums are typically deducted from an employee's paycheck as a payroll tax, which is a mandatory deduction. However, insurance premiums themselves are not a mandatory deduction, but rather a voluntary one. This means that employees are not required to enroll in insurance programs offered by their employer, and can choose to opt out of these programs if they prefer not to participate.
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