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Explore some of the allowable deductions pre-tax, offered by your organisation. You may need to review your organisations policies and procedures, as well as chat
Explore some of the allowable deductions pre-tax, offered by your organisation. You may need to review your organisations policies and procedures, as well as chat to some of the staff who deal with payroll, to determine what is allowable, and how it is administered.
You will be required to:
- Identify at least three voluntary deductions, offered by your employer. For each deduction:
- Provide a brief explanation of what is being offered, the benefits to employees, and who is eligible
- Describe the capping or cut-off limits for each provision and what both the employee and employer obligations are in relation to that deduction.
- Finally, briefly explain how each deduction is administered through the payroll process.
- If your company doesnt offer any voluntary deductions, see if you can find a friend or family member who works in a company that does.
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