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How do income tax laws affect payroll deductions?
Tax law deductions are classified as mandatory or voluntary. Under the Income Tax law a mandatory deduction from gross income is the federal income tax that is deducted from employees' salaries and wages pursuant to federal or state law. [ A deduction under that tax law effects payroll by lowering the amount of the employee's pay. ]
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what are the Pros and Cons of Being an employee
Weegy: Pros: You are your own boss Con: You must be disciplined in your work pattern Pro: There is no limit to what kind of money you can make! Con: You are on commission and you don't receive a weekly paycheck. Pro: As your own boss you set your own hours [ as tight or flexible as you want to work. Con: You don't sell, you don't eat. Pro: You will have the ability to make as much money as a lawyer or doctor on each home sale you make depending on the price of the home. ] (More)
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