payroll deduction

noun

: money earned but not included in a paycheck because it is used to pay the employee's taxes, insurance costs, etc.

Examples of payroll deduction in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Workers can donate through payroll deduction, fund their giving with a credit card donation, or do both. Maria Gracia Santillana Linares, Forbes, 2 Dec. 2024 Businesses can establish payroll deduction programs for employees, donate a portion of sales for a product or encourage customers to participate in fundraising campaigns. Rita Soronen, Forbes, 24 Oct. 2024 These programs generally require employers who don’t offer a workplace retirement plan to automatically enroll workers into the state plan and facilitate payroll deduction. Greg Iacurci, CNBC, 16 Oct. 2024 If anything, plans that invest in index funds provide market stability as employees buy more of them with each paycheck, buoying the market with every automatic 401(k) payroll deduction. Harper's Magazine, 21 June 2024 Eligible employees can contribute money toward retirement, typically through a payroll deduction. Nerdwallet, The Mercury News, 5 June 2024 District officials did not confirm whether that mistake was related to its use of the new payroll deduction system. Annie Vainshtein, San Francisco Chronicle, 13 Mar. 2023 Arizona, however, is apparently the only team that will charge players for dinners via a payroll deduction. Lorenzo Reyes, USA TODAY, 1 Mar. 2023

Dictionary Entries Near payroll deduction

Cite this Entry

“Payroll deduction.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payroll%20deduction. Accessed 22 Dec. 2024.

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