Insurance premiums are a voluntary deduction that is a

mandatory deduction
payroll tax
pre-tax contribution
qualified retirement plan

Question

Insurance premiums are a voluntary deduction that is a

mandatory deduction
 payroll tax
 pre-tax contribution
 qualified retirement plan

kekeman · Answer

I think it is "pre-tax contribution"  but I'm not sure

mikewwe13 · Answer

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.

kekeman · Answer

@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.

Ohhhh okay so it is a payroll tax?

kekeman · Answer

It was Wrong