Accounting for Employee Payroll Deducations - Accounting

The video tutorial explains employee payroll deductions, focusing on federal and state income taxes, Social Security, Medicare, and voluntary withholdings. It details how these deductions are calculated and their impact on take-home pay. The tutorial also highlights the hierarchy of deductions, starting with taxes and followed by voluntary contributions.

Explain the difference between federal income tax and state income tax.

What are voluntary withholdings and how do they affect an employee's paycheck?