Types of income deductions

The amount employees owe to the federal government calculated as a percentage of their inomce

• Federal Income Tax

• Social Security

This tax pays your state's government where the employee works

• state tax

• health insurance policy deductions

This tax helps pay for hospital, nursing care and doctors for people 65 and older

• Medicare tax

• state income tax

This is paid to a person's retirement fund

• social sercurity

• state income tax

This is for employees to participate in health, dental or vision care plans

• health insurance deductions

• federal income tax

if your are unemployed, become ill or injured this substitutes for unemployment benefits

• Disability

• Federal income tax

This is contributed pre-tax and you choose how much to contribute for your retirement

• retirement deductions IE 401K

• state income tax